Stocks making the biggest moves in the premarket: Alphabet, Spotify, Pinterest, Shopify & more – News 24-7 Live News 24-7 Live
Stocks making the biggest moves in the premarket: Alphabet, Spotify, Pinterest, Shopify & more

Stocks making the biggest moves in the premarket: Alphabet, Spotify, Pinterest, Shopify & more

Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1% premarket.

Spotify (SPOT) – The music streaming service logged a smaller-than-expected loss for its latest quarter, as well as beating revenue estimates and reporting a 24% increase in monthly active users. Its projected range for the current quarter’s operating loss falls largely below analyst forecasts, however, and the shares skidded 7.8% in the premarket.

News Source: cnbc

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