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Stocks - Snap Soars in Premarket, Electronic Arts, Take-Two, Spotify Plunge

Published 02/06/2019, 08:00 AM
Updated 02/06/2019, 08:00 AM
© Reuters.

Investing.com - Stocks in focus in premarket trade Wednesday:

• Snap (NYSE:SNAP) stock rocketed 22.16% by 7:50 AM ET (12:50 GMT) as the company’s fourth-quarter loss was narrower than expected and daily active users were higher than analysts’ estimates.

Disney (NYSE:DIS) stock gained 0.18% as the company reported quarterly results that beat on the top and bottom lines.

• Tesla (NASDAQ:TSLA) stock fell 0.96% as the company said it would lower the price on its Model 3 sedan for the second time this year.

• Apple (NASDAQ:AAPL) stock rose 0.16% amid news that its retail chief Angela Ahrendts will step down in April.

• Electronic Arts (NASDAQ:EA) stock plunged 16.22% after the company reported fiscal third-quarter results that missed consensus and cut its revenue guidance.

• Spotify (NYSE:SPOT) stock tumbled 7.46% as fourth-quarter earnings beat analysts’ expectations but the company forecast a loss for 2019.

• Eli Lilly (NYSE:LLY) stock lost 1.60% as the company lowered its full-year earnings guidance.

• Take-Two (NASDAQ:TTWO) Interactive Software stock plummeted 12.71% as fiscal third-quarter revenue missed estimates and the company’s updated fiscal year guidance was below expectations.

Latest comments

Snap is soaring pre market.. really? Those moves were already made yesterday genius.
Tech is on its way down
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