Twitter, Inc. (TWTR) shares are climbing, up 0.88% to $36.51, in pre-market trading on Friday after the company announced plans to introduce event based ad targeting.
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Shares of Netflix, Inc. (NFLX) were up slightly this morning following a Bloomberg report that says the company could benefit from EU scrutiny of Europe Pay-TV Deals. Separately, the name was favorably mentioned on yesterday’s Mad Money.
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TrueCar, Inc. (TRUE) is under heavy pressure this morning, down 38% in early trading after the company issued a profit warning for the second-quarter and full year. The online auto shopping site said Q2/15 revenue is expected to be in the range of $65 million – $65.3 million, with net loss expected to be in the range of $15 million – $15.5 million. The Street was expecting second-quarter sales of $68.5 million. The company also reduced its FY15 revenue outlook to a range of $252 million to $258 million, saying the lowered guidance was partially due to the fact the company sold fewer cars than expected.
“While we set new records for units, revenue and dealer count within the quarter, we experienced execution challenges in meeting our growth expectations,” said in a statement TrueCar CEO Scott Painter.
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Amazon.com Inc. (AMZN) gained more than 102 points ahead of the bell following its Q2/15 profit surprise. The online retail giant earned $0.19 per share, in contrast to the 11 cents per share loss the Street was expecting. Revenues increased 19.9% from $19.34 billion last year to $23.19 billion. Analysts expected revenues of $22.40 billion. Amazon also gave upbeat guidance for the current quarter.
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