Amgen, Bock Up; Cloudflare, Expedia Weak
May 03 2024 - 9:12AM
IH Market News
Shares of Amgen (NASDAQ:AMGN) are moving sharply higher in
pre-market trading after the biotechnology company reported first
quarter results that exceeded analyst estimates on both the top and
bottom lines.
Payment services provider Bock (NYSE:SQ) is also likely to see
initial strength after reporting better than expected first quarter
results.
Meanwhile, shares of Cloudflare (NYSE:NET) are seeing
significant pre-market weakness after the cloud services provided
reported first quarter results that beat expectations but provided
disappointing full-year revenue guidance.
Online travel company Expedia (NASDAQ:EXPE) may also come under
pressure after reporting better than expected first quarter revenue
but lowering its full-year revenue forecast.
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