Electronic Arts, Gap, Workday Rise Premarket; Affirm, Marvell Fall
2022.08.26 15:22
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, August 26th. Please refresh for updates.
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Affirm (NASDAQ:AFRM) stock fell 14% after the fintech company reported a larger-than-expected quarterly loss while issuing weak full-year revenue guidance.
- Electronic Arts (NASDAQ:EA) rose 13% following a report that Amazon (NASDAQ:AMZN), down 0.6%, is about to bid for the videogames publisher.
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Gap (NYSE:GPS) stock rose 6.7% after the clothing retailer posted a quarterly profit, excluding one-time items, despite withdrawing its financial outlook for 2022.
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Twitter (NYSE:TWTR) stock rose 0.1% after the social media giant was ordered by a judge to hand over some of its internal discussions on spam accounts to Elon Musk, who is attempting to end his $44 billion deal to buy the company.
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Ulta Beauty (NASDAQ:ULTA) stock rose 3.6% after the chain of beauty stores lifted its full-year earnings and revenue guidance, benefiting from consumer demand showing signs of resilience.
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Workday (NASDAQ:WDAY) stock rose 11% after the cloud software firm reported strong quarterly earnings as well as an upbeat view of the future.
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Bed Bath & Beyond (NASDAQ:BBBY) stock rose 1.8% after the troubled home goods retailer and former meme stock favorite said it will share its new strategy with investors next week.
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Marvell (NASDAQ:MRVL) stock fell 3.5% after the chipmaker posted disappointing guidance for the third quarter, even as strong growth in its data center business boosted its second quarter profit.
