Meta Platforms, Ford, Altria Fall Premarket; Comcast, Southwest Rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, October 27th. Please refresh for updates.

• Meta Platforms (NASDAQ: META) stock slumped 22.8% after the Facebook parent reported a drop in third-quarter profit and forecast a weak holiday quarter with significantly higher costs next year.

• Comcast (NASDAQ: CMCSA) stock rose 7.1% after the media giant’s third-quarter revenue edged past expectations, thanks to a steady rebound in its theme parks and studios businesses, overshadowing sluggish broadband subscriber growth.

• Twitter (NYSE: TWTR) stock rose 1.1% after billionaire Elon Musk visited the social media platform’s headquarters on Wednesday, ahead of a court-ordered deadline to close his $44 billion takeover.

• Altria (NYSE: MO) fell 2.2% after the cigarette giant missed quarterly earnings expectations, with consumers reining in discretionary spending.

• Ford (NYSE: F) stock fell 1.8% after the auto giant reported a third-quarter net loss driven by its decision to shift spending from the Argo AI self-driving business.

• Southwest Airlines (NYSE: LUV) stock rose 4.1% after the carrier forecast higher fourth-quarter revenue, benefiting from strong leisure travel demand.

• Teladoc (NYSE: TDOC) stock rose 9.6% after the healthcare company beat quarterly expectations, helped by a jump in paid membership and higher fees.

• Sleep Number (NASDAQ: SNBR) stock fell 27.6% after the mattress manufacturer issued soft full-year guidance, citing faltering demand and chip supply constraints.

• Credit Suisse (SIX: CSGN) stock fell 12.8% after the Swiss banking giant announced a massive capital increase and the sale of one of its most important trading divisions, after reporting a quarterly loss of 4 billion Swiss francs ($4.04 billion).

• Shell (NYSE: SHEL) ADRs rose 5.3% after the energy giant announced it will buy back up to another $4 billion in stock and raised its dividend by 15% after posting a massive quarterly profit, gaining a windfall from high oil and gas prices.

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