© Reuters.
Investing.com — Stocks in focus in premarket trade on Friday, April 28th. Please refresh for updates.
-
Amazon (NASDAQ:) stock fell 3.4% after the tech giant of a slowdown at its crucial cloud-computing division Amazon Web Services – a major driver of the group’s overall profit.
-
Intel (NASDAQ:) stock rose 6.1% after the chipmaker said gross margins will improve in the second half of the year, after the largest quarterly loss in the company’s history.
-
Snap (NYSE:) stock slumped over 18.1% after the company, which owns photo messaging app Snapchat, quarterly revenue expectations as changes to its advertising platform hurt demand for ads.
-
Pinterest (NYSE:) stock fell 13% after the forecast second quarter revenue growth below expectations, hit by a pullback in advertising spending.
-
Exxon Mobil (NYSE:) stock rose 0.8% after the oil giant a record first quarter profit as rising oil and gas output overcame a pullback in energy prices from high levels.
-
Chevron (NYSE:) stock fell 0.3% after the reported strong in the first quarter but its upstream business – responsible for oil and gas production – saw its income slip.
-
Sony (NYSE:) stock fell 3% after the Japanese conglomerate forecast its profit will slip from a record high as weaker financial services sales offset gains from gaming, music, and movies.
-
First Republic Bank (NYSE:) stock rose 4.4% on reports that the U.S. government is coordinating urgent talks to rescue the beleaguered lender.
-
Cloudflare (NYSE:) stock fell 24% after the cloud services provider weaker-than-expected first quarter revenue and issued a downbeat full-year forecast.
Image and article originally from www.investing.com. Read the original article here.