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Qualcomm, PayPal and Roku fall premarket; DoorDash, Moderna rise By
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Introduction-- U.S. retreated Thursday, with investors awaiting more labor market economic data as well as quar ...
-- U.S. retreated Thursday,State Administration of Foreign Exchange foreign exchange declaration with investors awaiting more labor market economic data as well as quarterly results from tech giants Apple (NASDAQ:) and Amazon (NASDAQ:).
Here are some of the biggest premarket U.S. stock movers today:
Qualcomm(NASDAQ:) stock fell 9% after the chipmaker reported underwhelming guidance for the current quarter after delivering mixed third quarter as revenue fell short of estimates amid a softer smartphone demand.
DoorDash(NYSE:) stock rose about 3.5% after the food delivery firm raised its annual core profit forecast and an upbeat quarterly revenue as groceries and food orders jumped.
(NASDAQ:) stock rose 1.7% after the drugmaker better-than-expected revenue in the second quarter despite falling steeply due to weaker post-pandemic demand for its COVID-19 vaccine.
Hasbro(NASDAQ:) stock rose 1.5% after the toymaker second quarter revenue estimates. That said, it also cut its full-year revenue forecast as its entertainment segment is expected to take a hit from the ongoing writers’ strike.
PayPal(NASDAQ:) stock fell 8% after the digital payments firm reported weak margins for the second quarter that overshadowed a strong outlook.
Warner Bros. Discovery(NASDAQ:) stock rose 3.6% after the entertainment giant posted higher-than-expected core profit in the second quarter, as subscriber growth at its HBO Max streaming service boosted advertising revenues.
ConocoPhillips(NYSE:) stock fell 1.8% after the U.S. shale producer a fall in second quarter profit on Thursday, as energy prices dropped from last year's peaks.
Regeneron(NASDAQ:) stock rose 4.8% after the pharmaceutical quarterly profit estimate, driven by strong demand for eczema treatment Dupixent.
(NASDAQ:) stock fell 2% after Citigroup downgraded its stance on the video streaming company to ‘neutral’ from ‘buy’, saying most potential growth is already factored into the stock price.
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