Some of the names on the move ahead of the open.
div > div.group > p:first-child"> Amazon — The e-commerce giant reported earnings per share that easily beat analysts' expectations. The company's quarterly revenue came in just above expectations, however, as growth slows to its lowest level since the first quarter of 2015.
Qorvo — The Apple supplier's stock was downgraded to"sector weight" from"overweight" at KeyBanc Capital Markets, with an analyst noting:"Our recent supply chain checks indicated that the situation has changed and that AVGO is likely to regain 100% market share of the mid/high-band PAD in the 2019 iPhone."
Mattel — The toymaker's stock jumped 9% in the premarket, boosted by the company's better-than-expected results for the previous quarter. Mattel reported a loss of 44 cents a share on revenue of $689 million. Analysts polled by Refinitiv expected a loss of 56 cents a share on revenue of $645 million. The company said demand for its Barbie dolls, along with toys based on movies like and"Toy Story" boosted the Mattel's results.
Starbucks — Starbucks posted quarterly earnings that topped analysts' expectations and hiked its full-year outlook. The company highlighted strong sales in China and the U.S. But Starbucks shares dipped 0.4% as its quarterly revenue numbers disappointed analysts.
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