U.S. Markets closed

Stocks - Yelp, General Electric Slump in Pre-market; Walt Disney, Hertz Rise

Stocks to watch for on Friday.

Investing.com - Stocks in focus in pre-market trade Friday:

· Walt Disney (NYSE:DIS) stock rose 1.59% as of 8:15 AM ET (13:15 GMT) after the company beat Wall Street estimates on the top and bottom lines on Thursday. It reported earnings of $1.48 a share on revenue of $14.31 billion.

· Lions Gate Entertainment (NYSE:LGFa) stock increased 5% after its earnings came in higher than expected.

· General Electric (NYSE:GE) stock was down 2% after J.P. Morgan cut its price target on the stock to $6 from $10, due to its earnings being worse than expected, CNBC reported.

· New Age Beverages (NASDAQ:NBEV) stock sank 19% after the company announced a secondary offering of common stock.

· Hertz Global (NYSE:HTZ) stock soared 17.80% following earnings after the bell yesterday that topped Street estimates by more than 40 cents per share.

· Yelp (NYSE:YELP) stock plunged 31.5% after it issued downside fourth-quarter guidance after the bell yesterday and said its new account growth slowed.

· Potbelly (NASDAQ:PBPB) stock tumbled 14%. The sandwich store chain missed earnings and revenue forecasts and also issued guidance below consensus.

· E. W. Scripps (NASDAQ:SSP) stock rose 3% following quarterly results that beat on the top and bottom lines.

· Tribune Media (NYSE:TRCO) stock gained 2% following earnings that handily topped forecasts, thanks in part to strong revenue from political advertising.

· Finisar Corporation (NASDAQ:FNSR) stock rose 5.3% after news that laser and optical products maker II-VI will buy Finisar, which is a major supplier to Apple (NASDAQ:AAPL), in a $3.2 billion deal.


Related Articles

India's Royal Enfield targets tripling of U.S. sales this year

With Russian support, China broadcasts export ambitions at air show

Goldman's Marcus jolts British banks out of savings slumber