U.S. Markets close in 5 hrs 29 mins

Stocks - Chesapeake, TripAdvisor Tumble in Premarket, EA Surges, Lyft, Sprint Fall

Investing.com - Stocks in focus in premarket trade Wednesday:

• Chesapeake Energy (NYSE:CHK) stock sank 6.5% by 7:55 AM ET (13:55 GMT) as the company’s revenue missed consensus, despite oil and gas productio falling by less than expected.

• Lyft (NASDAQ:LYFT) stock fell 2.5% after it posted a wider-than-expected loss in its first earnings report as a public company. Lyft’s revenue did top consensus and the company suggested that losses would peak this year.

• TripAdvisor (NASDAQ:TRIP) stock tumbled 6.6% after the company reported lower-than-expected hotel and restaurant revenues in the first quarter.

• Electronic Arts (NASDAQ:EA) stock surged 6.8% after the company reported better-than-expected quarterly revenue and forecast annual sales that topped consensus.

• Sprint (NYSE:S) stock lost 2.4% after news that the company lost more phone subscribers than expected during its fiscal fourth quarter.

• Match Group (NASDAQ:MTCH) stock soared 7.3% after the company added more subscribers than expected.

• Tesla (NASDAQ:TSLA) stock slipped 0.7% after announcing that it closed its $2.7 billion offering of stock and convertible notes, giving the electric carmaker much needed cash with which to ramp up production.

Related Articles

Thomson Reuters profit tops Wall Street forecasts

Ten former Danske Bank executives charged over Estonia case: Berlingske

The Mighty U.S. Consumer Is Struggling