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Stocks - Lyft, Netflix Rise Premarket; Zillow Falls

Published 08/08/2019, 08:19 AM
Updated 08/08/2019, 08:23 AM
© Reuters.

Investing.com - Stocks in focus in premarket trading on Thursday:

• LYFT (NASDAQ:LYFT)stock jumped 7% in premarket trade by 8:20 AM ET (12:20 GMT) after it reported a 72% jump in revenue and cut its forecast for full-year losses by $300 million after the close on Wednesday.

• Netflix (NASDAQ:NFLX) stock inched up 1.8% on news that it won a bidding war to sign up Game of Thrones creators David Benioff and Dan Weiss, beating out rivals Amazon.com (NASDAQ:AMZN) and Walt Disney (NYSE:DIS).

Cronos Group (NASDAQ:CRON) stock was up 7.5% after its second-quarter earnings beat estimates, reflecting rising demand in Canada.

• Viacom (NASDAQ:VIAB) stock rose 2.8% after it reported a profit of $1.20 per share on $3.36 billion in revenue, which was above forecasts. The company said its results were helped by growth in domestic ad sales.

Roku (NASDAQ:ROKU) stock surged 17.3% after the video streaming device maker posted a per-share loss of only 8c, less than the 23c expected, as it added 1.4 million net new accounts in the second quarter.

• Advanced Micro Devices (NASDAQ:AMD) stock gained 6.9% after it released its latest data center chip and said it had secured Google (NASDAQ:GOOGL) and Twitter as customers for it.

• Zillow (NASDAQ:ZG) stock slumped 14.4% after its lost $0.14 a share, and said its new home-flipping business, Zillow Offers, would lose up to $80 million in the current quarter as it scales up.

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Latest comments

Dead cat bounce! Gaps being covered.
Bullish day for a Nasdaq
hope till the end of the trading day,some time it starts green then plunge in red!!!!!!
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