Facebook Inc. (FB) - Get Meta Platforms Inc. Class A Report is leading the way in premarket trading Thursday following its earnings beat after the closing bell Wednesday, but it isn't the only big mover. Here are the hottest tickers on the trading floor now.
Facebook shares were up 6.3% to $176.05 in premarket trading after the company reported second quarter earnings of $1.32 per share, topping analyst estimates of $1.13 per share. Revenue of $9.32 billion also topped analysts' $9.17 billion estimates.
Fellow social media company Twitter Inc. (TWTR) - Get Twitter, Inc. Report was headed in the opposite direction Thursday after the company reported slower than expected user growth. Twitter reported having 328 million monthly active users while the market was expecting the company to report 328.8 million active users. Twitter shares were down 9.62% to $17.75 premarket.
Procter & Gamble Co. (PG) - Get Procter & Gamble Company Report shares were up 2.47% to $91.44 in premarket trading Thursday after the company reported earnings of 85 cents per share on revenue of $16.1 billion. Analysts were expecting the company to report earnings of 78 cents per share on revenue of $16.02 billion.
- Facebook Just Gave a Glimpse Into One of Its Biggest New Businesses
Biopharmaceutical company AstraZeneca plc (AZN) - Get Astrazeneca PLC Sponsored ADR Report was the biggest loser in premarket trading Thursday, falling 15.11% to $33.94 after trials for its lung cancer drug Mystic failed. "Despite the outcome of the initial readout, we must be patient as the Mystic trial continues as planned to evaluate overall survival," CEO Pascal Soriot said.
More of What's Trending on TheStreet: