Investors continued to concentrate on quarterly results despite persistent worries about inflation and the possibility of a recession.
Here are a few equities that have seen early Friday morning activity.
Snap (SNAP) shares fell 30.7% in premarket trade after the company announced slower revenue growth. The Meta Platforms (NASDAQ: META) and Alphabet (NASDAQ: GOOGL), the parent company of Google, also saw their share prices fall.
After quarterly sales came in below Wall Street projections, Twitter (TWTR) was down 2.3 percent. Due to its impending takeover by Elon Musk, the firm announced on Friday that it would not be hosting a conference call.
GameStop GME-3.20 percent (GME) will begin trading on Friday following a 4-for-1 stock split. There was a 0.0 percent increase in the price of the stock, which was now $38.48.
After the telecom giant lowered 2022 projections due to weaker cellular growth, shares of Verizon (VZ) dropped early Friday.
The disk drive maker Seagate Technology (STX) fell 11.3% after reporting fiscal fourth-quarter profits and low sales volume compared to projections made by investors and providing cautious guidance for the current quarter.
As investments in its network rose, American Express (AXP) increased its revenue projection for the whole year. The price increase was 4.5%.
Seeing continued development in the oil and gas exploration industry, Schlumberger (SLB) has increased its revenue projection for the whole year. There was a 3.3 percent increase in the stock price.
Boston Beer’s (SAM) stock price fell 8.6 percent after the company issued worse profit forecasts for the whole year due to weaker-than-expected demand for hard seltzer.
Even though Mattel (MAT) reported a quarterly profit that was above analysts’ forecasts, the toy maker’s margins deteriorated due to inflation and supply-chain expenses, causing the stock to fall 1.7%.
Intuitive Surgical (ISRG) shares fell 11.5 percent early Friday after the company reported lower-than-expected earnings and revenue expectations for the second quarter.