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Walmart, Tesla Fall Premarket; Twilio Rises

Published 02/18/2021, 08:06 AM
Updated 02/18/2021, 08:07 AM
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, February 18th. Please refresh for updates.

  • Walmart (NYSE:WMT) stock fell 4.5% after the retail giant missed expectations with its fourth-quarter earnings, even if revenues impressed. The company also reported a slowing in growth of its online sales, up 69% in the quarter, after a 79% surge in the third quarter. Walmart has also temporarily closed over 600 stores due to the winter storm. 

  • Tesla (NASDAQ:TSLA) stock fell 1.7% after the electric car maker reduced the price of its cheaper variants of the Model 3 sedan and the Model Y sports utility vehicle, trying to ward off legacy automakers.

  • Facebook (NASDAQ:FB) stock fell 0.7% after the social media giant blocked news sharing on its Australian platform as part of a legal standoff with the government that wants it to pay Australian publishers for news content.

  • Tilray (NASDAQ:TLRY) stock rose 4% after the marijuana producer reported fourth-quarter results that markedly beat expectations on strong demand from abroad.  

  • Boeing (NYSE:BA) stock fell 0.5% after the U.S. Federal Aviation Administration on Wednesday issued an airworthiness directive for some 787 airplanes, asking for inspection of the jets following reports of torn decompression panels. 

  • Twilio (NYSE:TWLO) stock climbed 10% after the cloud communications company reported a surprise adjusted fourth-quarter profit, after adding 13,000 active customer accounts, compared with an increase of 8,000 in the third quarter. 

  • Marriott International (NASDAQ:MAR) stock fell 0.3% after the hotel chain’s fourth-quarter revenue missed forecasts; the company, whose CEO died earlier this week, continues to be impacted by the pandemic.

  • Fastly (NYSE:FSLY) stock fell 5.9% after the cloud-platform provider issued disappointing guidance despite reporting better-than-expected earnings and revenue for its latest quarter.
  • Sleep Number (NASDAQ:SNBR) stock rose 13% after the mattress retailer beat expectations for the fourth quarter, while also issuing upbeat guidance.
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Latest comments

What!? You mean tesla isnt worth 800x what it actually earns?
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