Today's pre-market stock movers: BABA, TSLA, LCID, ALB and more
Gainers:
$BABA.US$ shares rose 6% after the Chinese e-commerce giant posted quarterly earnings that beat Wall Street's expectations.
$ALB.US$, the lithium miner, crushed second-quarter earnings expectations and its own guidance. The stock rose 6%.
$TSLA.US$ will be holding its annual meeting on Thursday, starting at 5:30 p.m. Eastern. The stock was up 1.5% early Thursday.
$EBAY.US$ rose 0.5% after the online marketplace posted an upbeat earnings report.
Losers:
$LLY.US$ slumped 4% after the pharmaceutical company cut its earnings forecast for the fiscal year.
$BKNG.US$ shares fell 2.4% after the online travel agency provided a cautious outlook for the third quarter.
$WMT.US$ fell 0.2% after the retail giant confirmed a report in The Wall Street Journal that it would be cutting 200 corporate jobs across many departments.
$LCID.US$ slumped 12.4% in premarket trading after the electric-vehicle maker said it expects to ship 6,000 to 7,000 vehicles in 2022, below prior guidance given in May for 12,000 to 14,000 units.
$FTNT.US$ lowered its forecast for fiscal-year service revenue and shares of the software company dropped 7.2% in premarket trading Thursday.
$CLX.US$ dropped 6.1% after the company issued weaker-than-expected adjusted earnings guidance for fiscal 2023.
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RDK79 : With all the orders on the books and the backing they have, I don’t think so either. But, they better fix their logistics problems!!! I’m a bit surprised a couple folks haven’t been replaced. I’m still sorta shocked at such horrible numbers. May add if they dip to 15ish.