Stocks – Twitter, American Airlines Fall Premarket; Tesla Skyrockets

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© Reuters. © Reuters. – Stocks in focus in premarket trading on Thursday:

• Twitter (NYSE:) stock slumped 17.9% in premarket trade by 8:20 AM ET (12:20 GMT) after its revenue was hit by weaker advertising and issues with product bugs, as well as low demand over the summer.

• 3M Company (NYSE:) stock declined 1.6% after it cut its profit forecast due to slowing demand in Asia.

• American Airlines (NASDAQ:) stock dipped 0.5% as its revenue missed estimates in the third quarter, which the company attributed to the grounding of Boeing’s 737 MAX models, as well as labor contract negotiations.

• PayPal (NASDAQ:) stock jumped 8.6% after its raised its full-year outlook, with payment volume coming in above forecasts.

• eBay (NASDAQ:) stock lost 7.8% as it lowered its forecast for current-quarter revenue due to competition from other online marketplaces.

• Tesla (NASDAQ:) stock jumped 17.6% after it posted a surprising profit and moved up its schedule for bringing the Model Y crossover to market.

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