Stock futures traded higher Friday as earnings optimism lifted the three benchmark U.S. indexes to near all-time highs.
Here are some of the top movers during premarket trading on Friday:
1. Boston Beer | Down 20.5%
The company said it “overestimated” the growth of its hard-seltzer category.
2. Twitter | Up 4.5%
Revenue totaled $1.19 billion, up 74% from $683.4 million last year. The FactSet analyst consensus called for $1.07 billion in the latest quarter.
3. Snap | Up 16.9%
Snap (SNAP) – Get Report shares jumped after the social media company said user growth during its second quarter jumped the most in four years.
Revenue at the parent of mobile app Snapchat more than doubled to $982.1 million, easily beating analysts’ estimates of $846 million.
4. Intel | Down 2.4%
Intel reported earnings of $1.28 a share, compared with earnings of $1.14 a share a year ago. Revenue totaled $18.5 billion, up 2% from a year ago.
5. Veoneer | Up 54.7%
Magna said that the acquisition will build in the company’s advanced driver assistance systems business.