Stocks - Facebook, Twitter Drop in Pre-market; SecureWorks, Coupa Surge
Investing.com - Stocks in focus in pre-market trade Wednesday:
• Facebook (NASDAQ:FB) stock and Twitter (NYSE:TWTR) stock fell 0.39% and 0.55%, respectively, by 8:09 AM ET (12:09 GMT) as the companies sent executives to defend their business practices before Congress on Wednesday. Facebook Chief Operating Officer Sheryl Sandberg will argue that the company has improved its crackdown on election interference, while Twitter Chief Executive Jack Dorsey will deny that its operations are influenced by politics.
• RH (NYSE:RH) sank 5.07% as second-quarter sales missed estimates and the company lowered its full-year revenue guidance.
• Caleres (NYSE:CAL) tumbled 9.61% after mixed quarterly earnings, while comparable sales for its brand Famous Footwear rose less than forecast.
• Workday (NASDAQ:WDAY) stock lost 3.09% despite better-than-expected second-quarter results as its chief financial officer warned that the recent acquisition of Adaptive would case full-year margins to drop 300 basis points.
• Coupa Software (NASDAQ:COUP) surged 15.28% as the company unexpectedly reported a profit, surprising analysts that had forecast a loss.
• Secureworks (NASDAQ:SCWX) stock jumped 6.83% as the company beat consensus with second-quarter results and raised its full-year outlook.
• HD Supply Holdings (NASDAQ:HDS) stock jumped 1.73% after the company reported second-quarter results that topped consensus.
• JetBlue Airways (NASDAQ:JBLU) stock rose 0.16% as the company raised its third-quarter unit revenue guidance.
• SS&C Technologies (NASDAQ:SSNC) stock rose 0.44% after a Reuters report that the company was nearing a roughly $2 billion deal to acquire Intralinks.
Related Articles
Steinhoff's former CEO says not aware of accounting irregularities
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
S&P cuts credit ratings on two Dubai firms, cites weaker economy
