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Tesla Inc TSLA stock was trading lower by around 1.3 percent ahead of Thursday's open. Shares traded lower by nearly 2 percent in reaction to the company's earnings report after Wednesday's close. The company said it lost $3.04 per share in the fourth quarter on revenue of $3.29 billion, while Wall Street analysts were expecting Tesla to lose $3.12 per share on revenue of $3.28 billion.
Twitter Inc TWTR gained more than 20 percent and traded above the $30 per share level for the first time since 2015. The social media company reported a surprise beat in its fourth quarter results which also happens to be its first ever quarter of profitability.
NVIDIA Corporation NVDA gained 2 percent ahead of Thursday's opening bell. The company is scheduled to report its fourth quarter results after Thursday's close and is expected to earn $1.16 per share on revenue of $2.67 billion.
GrubHub Inc GRUB soared more than 20 percent after the restaurant pick-up and delivery provider announced a new partnership with Yum! Brands, Inc. YUM. As part of the agreement, Yum will buy $200 million worth of GrubHub's stock and the company's KFC and Taco Bell restaurants in the U.S. will be added to GrubHub's delivery platform.
Infinera Corp. INFN soared higher by more than 20 percent after the networking equipment provider reported its fourth quarter results. Infinera said it lost 12 cents in the fourth quarter on revenue of $195.8 million, while Wall Street analysts were expecting the company to lose 13 cents per share on revenue of $190.26 million.
Madrigal Pharmaceuticals Inc MDGL lost nearly 3 percent after the clinical-stage biopharmaceutical announced an update to an ongoing clinical trial. The company's therapy, MGL-3196, realized significant improvement in the reduction of LDL cholesterol compared to a placebo.
26 Stocks Moving In Thursday's Pre-Market Session
A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Jobless Claims, Fed Speakers
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