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Stocks - Facebook, Microsoft Rise in Premarket; Tesla, 3M Fall

Published 2019-04-25, 08:25 a/m
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Investing.com - Stocks in focus in premarket trading on Thursday:

  • Facebook (NASDAQ:FB) jumped 8.6% by 8:20 AM ET (12:20 GMT) after its first-quarter profit beat estimates.The company has also set aside $3 billion for a settlement with the U.S. Federal Trade Commission over recent privacy scandals.

  • Tesla (NASDAQ:TSLA) stock slipped 0.6% after its losses in the first quarter were worse than expected, while CEO Elon Musk hinted the company may raise more capital.

  • 3M (NYSE:MMM) stock was down 8.2% on news that the company is laying off 2,000 workers globally, while its quarterly profit was lower than expected.

  • Microsoft (NASDAQ:MSFT) stock rose 5.3% after strong growth in its cloud services helped the company post first-quarter earnings that topped forecasts.

  • UPS (NYSE:UPS) stock slumped 3.2% on news that its first-quarter profit missed estimates due to severe U.S. weather.

  • Bristol-Myers Squibb Company (NYSE:BMY) stock inched up 1.2% after it raised its profit forecast for the year and its earnings beat estimates.

  • Comcast (NASDAQ:CMCSA) stock fell 1.9% as its sales fell short of estimates. Still, the company’s earnings were boosted by its Sky acquisition and growth in its internet business.

  • Deutsche Bank (NYSE:DB) fell 0.6% after ending its merger talks with Commerzbank(DE:CBKG).

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