By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, February 11th. Please refresh for updates.
Expedia (NASDAQ:EXPE) stock rose 5.6% after the online travel agency recorded a profit in the fourth quarter, overcoming a resurgent virus as holiday-makers returned to its site.
Affirm (NASDAQ:AFRM) stock fell 10% after the ‘buy now, pay later’ platform's net loss in the second quarter rose six-fold to $160 million, owing to stock-based compensation to staff and an accounting entry to recognize a liability.
Zillow (NASDAQ:ZG) stock rose 13% after the online real estate agency beat estimates for the fourth quarter, helped by a surging property market, and made speedier progress on winding down its home-flipping business.
Under Armour (NYSE:UA) stock fell 2.6% after the sportswear retailer warned that its profit margin would be under pressure in the current quarter, due to high transportation costs following disruptions to its supply chain.
Cloudflare (NYSE:NET) stock rose 6% after the web security company beat quarterly expectations, while its 2022 revenue guidance also impressed. It also announced the acquisition of Vectrix, extending the security of Cloudflare’s network.
Kellogg (NYSE:K) stock fell 1.7% after JPMorgan downgraded its investment stance on the food manufacturer to ‘underweight’ from ‘neutral’, citing an expensive valuation.
British American Tobacco (NYSE:BTI) ADRs rose 0.9% as the company's sales of e-cigarettes, heated tobacco and nicotine grew in 2021, underpinning the company’s focus on growing new business categories.
- GoDaddy (NYSE:GDDY) stock rose 7.8% after the internet domain registrar reported full-year revenue growth and announced a share repurchase plan.