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Stocks - Apple, Kraft, GoPro Plunge in Pre-market; Starbucks, Exxon, Boeing Jump

Published 11/02/2018, 08:16 AM
Updated 11/02/2018, 08:27 AM
© Reuters.  Stocks in focus in pre-market trade on Friday
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Investing.com - Stocks in focus in pre-market trade Friday:

• Apple (NASDAQ:AAPL) stock tumbled 6.04% by 8:06 AM ET (12:06 GMT) after the company’s fiscal first-quarter revenue guidance missed expectations.

Exxon Mobil (NYSE:XOM) stock jumped 2.29% as quarterly results beat on the top and bottom lines.

• Boeing (NYSE:BA) stock jumped 2.53% as Reuters reported that the company was looking to make future deals "small or big". Separately, the company said that it will start operations at its 737 completion plant in China next month.

Alibaba (NYSE:BABA) stock soared 5.46% as earnings-per-share beat consensus, although quarterly revenue fell short of estimates.

• Starbucks (NASDAQ:SBUX) stock advanced 7.79% as the company reported record quarterly revenue.

• Kraft Heinz (NASDAQ:KHC) stock slumped 6.58% as costs pushed its quarterly profit below the consensus forecast.

• GoPro (NASDAQ:GPRO) stock plunged 13.51% after the company reported a loss for the third quarter and forecast worse-than-expected revenue for the current quarter.

• Weight Watchers (NASDAQ:WTW) tumbled 14.08% as quarterly results missed expectations.

• Caesars Entertainment (NASDAQ:CZR) stock soared 11.30% as the company announced that chief executive Mark Frissora is stepping down. At the same time, the company produced third-quarter profit that beat consensus.

• Shake Shack (NYSE:SHAK) sunk 5.57% as the company reported quarterly same-store sales that missed estimates.

• AbbVie (NYSE:ABBV) stock rose 3.59% after the company reported better-than-expected quarterly profit and raised its full-year earnings guidance.

Pfizer (NYSE:PFE) stock edged forward 0.16% after Bloomberg reported that the company was considering the sale of its women’s health unit.

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