U.S. markets closed
  • S&P 500

    4,026.12
    -1.14 (-0.03%)
     
  • Dow 30

    34,347.03
    +152.97 (+0.45%)
     
  • Nasdaq

    11,226.36
    -58.96 (-0.52%)
     
  • Russell 2000

    1,869.19
    +5.67 (+0.30%)
     
  • Crude Oil

    76.28
    -1.66 (-2.13%)
     
  • Gold

    1,754.00
    +8.40 (+0.48%)
     
  • Silver

    21.43
    +0.06 (+0.29%)
     
  • EUR/USD

    1.0405
    -0.0008 (-0.07%)
     
  • 10-Yr Bond

    3.6910
    -0.0150 (-0.40%)
     
  • GBP/USD

    1.2091
    -0.0023 (-0.19%)
     
  • USD/JPY

    139.1000
    +0.5100 (+0.37%)
     
  • BTC-USD

    16,549.94
    -40.86 (-0.25%)
     
  • CMC Crypto 200

    386.97
    +4.32 (+1.13%)
     
  • FTSE 100

    7,486.67
    +20.07 (+0.27%)
     
  • Nikkei 225

    28,283.03
    -100.06 (-0.35%)
     

Snap, Verizon, Boston Beer Fall Premarket; American Express Rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, July 22nd. Please refresh for updates.

Snap (NYSE:SNAP) stock slumped 30% after Snapchat owner posted a loss of $422 million for the quarter as well as its slowest ever growth in sales as a public company, adding it would “substantially” cut its hiring.

Verizon (NYSE:VZ) stock fell 4.5% after the telecoms giant cut its annual adjusted profit forecast after adding fewer-than-expected monthly bill-paying phone subscribers in the second quarter, a sign that red-hot inflation has begun impacting its business.

Twitter (NYSE:TWTR) stock fell 2.7% after the social media giant posted a surprise fall in revenue amid fierce competition in a weakening advertising market.

Mattel (NASDAQ:MAT) stock fell 1.7% despite the toymaker beating quarterly results estimates as surging costs of raw materials, freight and labor resulted in its margins falling to 45% from last year's 47.5%.

Boston Beer (NYSE:SAM) stock fell 8.7% after the brewer issued disappointing full-year guidance with demand for its Truly Hard Seltzer brand seeing a further drop in demand.

American Express (NYSE:AXP) stock rose 4.5% after the credit card giant posted record cardholder spending, overshadowing a fall in quarterly profit on higher costs and an increase in reserves for potentially sour loans.

Intuitive Surgical (NASDAQ:ISRG) stock fell 11% after the medical devices company reported disappointing second quarter results, saying it was unable to place fewer of its flagship robotic systems.

Capital One (NYSE:COF) stock fell 5% after the credit card company disappointed with its quarterly results, increasing its provision for credit losses up to $1.1 billion.

Schlumberger (NYSE:SLB) stock rose 2.8% after the oilfield services provider raised its annual revenue forecast, buoyed by higher demand for its services from producers looking to raise output as oil prices surged.

Related Articles

Snap, Verizon, Boston Beer Fall Premarket; American Express Rises

Exclusive-Hyundai subsidiary has used child labor at Alabama factory

S&P 500, Nasdaq open lower as social media stocks weigh