Stocks – Tesla, Twitter Soar in Pre-market; AMD Crashes; Microsoft, Ford Gain


Stocks - Tesla, Twitter Soar in Pre-market; AMD Crashes; Microsoft, Ford Gain

Hot news – Stocks in focus in pre-market trade Thursday:

• Tesla (NASDAQ:TSLA) soared 10.50% by 8:06 AM ET (12:06 GMT) after the company reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter, delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off.

• Twitter (NYSE:TWTR) stock skyrocketed 12.96% as quarterly revenue and earnings beat expectations thanks to a surge in ad sales.

• Advanced Micro Devices (NASDAQ:AMD) stock crashed 18.60% after quarterly revenue missed expectations and the company gave a weak outlook for the fourth quarter.

• Microsoft (NASDAQ:MSFT) stock jumped 2.86% after the company reported better-than-expected earnings and revenue after Wednesday’s closing bell.

• Ford (NYSE:F) stock traded up 4.77% after its third-quarter profit beat estimates.

• Comcast (NASDAQ:CMCSA) stock gained 5.51% as the company added more subscribers and quarterly profit beat consensus.

• Visa (NYSE:V) stock rose 2.04% as quarterly profit topped estimates.

• Celgene (NASDAQ:CELG) stock advanced 3.33% after the company reported third-quarter results that topped consensus on the top and bottom lines.

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