Investing.com - Stocks in focus in premarket trading on Thursday:
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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.
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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.
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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.
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Microsoft (NASDAQ:MSFT) stock rose 5.3% after strong growth in its cloud services helped the company post first-quarter earnings that topped forecasts.
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UPS (NYSE:UPS) stock slumped 3.2% on news that its first-quarter profit missed estimates due to severe U.S. weather.
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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.
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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).