Tesla, AT&T and Bed Bath & Beyond fall premarket; IBM rises By

By Peter Nurse

-- Stocks in focus in premarket trade on fxtm official website customer serviceThursday, April 20th. Please refresh for updates.

• Tesla(NASDAQ:) stock fell 7% after the ’s first-quarter gross margin missed market expectations due to aggressive price cuts for its vehicles.

• AT&T(NYSE:) stock fell 4.6% after the telecommunications giant first-quarter revenue expectations, signaling intense competition from deep-pocketed rivals.

• (NYSE:) stock rose 1.2% after beat estimates for first-quarter profit and signaled resilient demand for IT services.

• (NYSE:) stock rose 5.5% after the casino operator reported better-than-expected quarterly , helped by increased hotel occupancy.

• Taiwan Semiconductor Manufacturing(NYSE:) stock rose 0.5% after the reported slightly stronger-than-expected net income in the first quarter as some resilience in global chip demand helped fuel stronger sales.

• (NYSE:) stock fell 1.5% after the carrier a bigger-than-expected quarterly loss as higher expenses related to labor and fuel dented the carrier's margins.

• Bed Bath & Beyond(NASDAQ:) stock fell over 25% with the Wall Street Journal reporting that the troubled retailer is preparing to file for bankruptcy as early as this weekend.

• (NYSE:) stock fell 1.5% after the credit card giant’s first-quarter profit estimates as it set aside more money to cover potential losses stemming from cardholders falling behind on their debt repayments.

• Blackstone(NYSE:) stock fell 1.1% after the asset manager that its first-quarter distributable earnings fell 36% year-on-year, as a weak property market stopped it from cashing out on some holdings.

• Philip Morris(NYSE:) stock fell 1.3% after the tobacco giant cut its full-year profit forecast, hit by rising tobacco leaf prices and energy and labor costs.

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