First Republic’s stock rises on rescue talks, Amazon shares fall on cloud forecast and other stocks on the move

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Snap Inc. and Pinterest’s stock decline as results come below expectations.

Gainers: First Republic Bank’s stock FRC surged to highs of 8% premarket after news emerged that U.S. officials have entered talks with banks and private equity firms to rescue the struggling regional lender Reuters reported, citing sources.Gainers: First Republic Bank’s stock FRC surged to highs of 8% premarket after news emerged that U.S. officials have entered talks with banks and private equity firms to rescue the struggling regional lender Reuters reported, citing sources.

Shares in oil giant Exxon Mobil Corp. XOM were up almost 1% following its first-quarter report that showed it beat earnings expectations but posted a decline in revenue. Pinterest Inc.’s stock PINS dropped nearly 14% in premarket trading after it issued a weak forecast despite reporting better-than-expected earnings late Thursday.

Shares in Snapchat parent Snap Inc. SNAP tumbled 18% after it missed Wall Street revenue expectations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Amazon, Intel, Snap, Pinterest and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »

Amazon set to report first-quarter earnings after the bellAmazon CEO Andy Jassy has been aggressively slashing costs through layoffs, a corporate hiring freeze and by ending some experimental projects.
Source: CNBC - 🏆 12. / 72 Read more »