Stocks - Starbucks, Costco Slump in Premarket; Apple, Merck, Adobe Fall
Published Dec 14, 2018 08:10AM ET
Updated Dec 14, 2018 08:22AM ET
Investing.com - Stocks in focus in premarket trade Friday:
• Starbucks (NASDAQ:SBUX) stock fell 3.75% by 8:04 AM ET (13:04 GMT) as the company forecast that same-store sales would remain steady despite its partnership with UberEats in the U.S. and nearly doubling its stores in China.
• Costco (NASDAQ:COST) stock slumped 3.75% after the company announced a decline in gross margins for its fiscal first quarter.
• Adobe (NASDAQ:ADBE) stock slid 1.96% after reporting mixed quarterly earnings and providing earnings guidance for the current quarter that missed analysts’ estimates.
• Apple (NASDAQ:AAPL) stock fell 1.23% as the company announced that it would push software updates in China in an attempt to avoid alleged infringement of Qualcomm (NASDAQ:QCOM) patents.
• Merck & Company (NYSE:MRK) stock lost 1.66% as the company said it would acquire Antelliq Group for €2.1 billion ($2.37 billion).
• Tesla (NASDAQ:TSLA) stock fell 0.74% as its head of digital product, Parag Vaish, resigned to take another job.
• Ford Motor (NYSE:F) stock was little change despite the fact that the company reported that sales in China fell 55% in November.
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Written By: Investing.com
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