Twitter, Apple Fall Premarket; Under Armour Climbs

Stocks in focus in premarket trade on Friday, October 30th. Please refresh for updates.

Apple (NASDAQ:AAPL) stock fell 3.6% after the tech giant reported the steepest quarterly drop in iPhone sales in two years, although its quarterly revenue and profit beat expectations late Thursday.

Facebook (NASDAQ:FB) stock rose 0.2% after the social media giant expressed caution about the future despite reporting strong rises in advertising sales. The company said that pandemic-related uncertainty could make for a difficult 2021.

Twitter (NYSE:TWTR) stock slumped 15% after it added fewer users than Wall Street had expected and said a rise in expenses would accelerate in the fourth quarter.

Alphabet (NASDAQ:GOOGL) stock rose 6.6% after Google’s parent beat estimates for the third quarter as businesses resumed advertising with the internet’s biggest supplier of ads.

Amazon (NASDAQ:AMZN) stock fell 1.4% after the e-commerce giant forecast a jump in holiday sales, but also crucially costs related to Covid-19, consumers continued to shop more online during the pandemic.

AT&T (NYSE:T) stock fell 0.5% after Nikkei reported Sony (NYSE:SNE) is in final talks to acquire the telecommunication giant’s U.S. animation-streaming service Crunchyroll in a deal worth more than $1 billion.

Marriott International (NASDAQ:MAR) stock fell 0.9% after Britain’s data watchdog fined the hotel chain almost $24 million following a cyber attack on its Starwood hotels reservation system, in one of the largest data breaches in history.

Under Armour (NYSE:UA) stock rose 8.2% after the retailer beat quarterly revenue estimates, helped by online demand for athletic apparel for home or outdoor workouts.

KKR (NYSE:KKR) stock rose 1.2% after the private equity firm said its after-tax distributable earnings rose 6% year-on-year in the third quarter, driven by growth in management fees and transaction fees from its capital markets business.

Chevron (NYSE:CVX) stock rose 0.2% after the oil major posted an adjusted third-quarter profit, beating expectations of a loss, as oil prices recovered from spring lows and spending cuts helped operating margins

McDonald’s (NYSE:MCD) stock fell 0.8% after the fast food giant was hit with a potentially multi-billion-dollar lawsuit by black franchise owners who accused the company of racial discrimination for steering them to underperforming stores.

Exxon Mobil (NYSE:XOM) stock fell 0.5% after the oil company posted its third straight quarterly loss on Friday, as the pandemic hits demand of oil and hurts prices.

Altria (NYSE:MO) stock rose 1.4% despite the cigarette giant taking a $2.6 billion charge on its investment in Juul Labs in the third quarter, mainly due to lower revenue projection from the e-cigarette maker.

Colgate-Palmolive (NYSE:CL) stock rose 1.7% after the household products maker beat revenue and earnings estimates, and offered up positive sales guidance for the full year.

AbbVie (NYSE:ABBV) stock rose 2.6% after the pharma posted better-than-expected quarterly sales and raised its full-year adjusted profit forecast, helped by demand for its Botox and other treatments.

Honeywell (NYSE:HON) stock fell 2.2% despite the conglomerate’s third-quarter revenue topping forecasts, helped by cost-cutting and strong demand for warehouse automation equipment.