Stock futures traded mostly higher Thursday after solid earnings and the Federal Reserve said the economy was making progress but still had a ways to go before the central bank begins tapering stimulus.
Here are some of the top movers during premarket trading on Thursday:
1. Facebook - Down 3.4%
Facebook (FB) shares were falling after the social media giant posted stronger-than-expected second-quarter earnings but noted that ad revenue growth would slow "significantly" over the second half of the year.
2. PayPal - Down 5.5%
Shares of PayPal Holdings (PYPL) fell after the payments processor offered disappointing guidance for its fiscal third quarter even as it topped earnings estimates for the second quarter but missed revenue forecasts.
Revenue totaled $6.24 billion, up from $5.3 billion a year ago.
3. Ford - Up 4.4%
Ford raised its guidance for full-year adjusted earnings before taxes by about $3.5 billion, to between $9 billion and $10 billion.
4. Didi Global - Up 16%
Didi Global’s (DIDI) stock price surged on Thursday after The Wall Street Journal reported the Chinese ride-hailing giant was considering going private to placate Chinese regulators and compensate investors for losses.
Didi said reports it was considering going private are “untrue.”
5. Citrix Systems - Down 15.5%
Shares of Citrix Systems (CTXS) fell after the the IT-solutions provider beat Wall Street's second-quarter earnings expectations but missed on revenue forecasts.
The company posted earnings of $1.24 a share and revenue of $812.1 million, short of analysts' forecasts of $1.22 a share and $838.53 million.