Geoffrey Smith 

Investing.com — Focus on stock trading in the premarket, Tuesday, April 24th. Refresh to see the most recent updates. 

• SnapThe stock of (NYSE:) fell 33% as a result of a profit warning by Snapchat’s parent company after Monday’s close. According to the company, revenue and EBITDA are below the lowest end of its guidance last month.
• Meta stock fell by 7.8%, Twitter (NYSE:) stock by 3.6% and Pinterest (NYSE:) stock by 16% on the read-across for other social media companies from Snapchat’s warning. They are struggling to sell ads due to the disruptive actions of competitors, such as TikTok (NASDAQ:), and platform operators such Apple (NASDAQ;).  
• Abercrombie & Fitch (NYSE:) fell 31% after the company cut its sales forecast and withdrew its full-year guidance for gross margin and costs, citing ‘volatility in freight and other costs.” These caused a 2 percentage point drop in its operating margin in the first quarter.
• TeslaStock dropped 3.0% (NASDAQ:), after Daiwa was the latest brokerage that cut its price targets (albeit at a price still well above current prices).
• Zoom VideoStock rose 3.9% to NASDAQ after Teleconferencing Company reported that its earnings were less bad than expected. This was the company’s best year.
• Best Buy Stock fell 2.1% following a reduction in sales and profits forecasts. This was consistent with other retailers. Although sales exceeded expectations in the first quarter, earnings fell by around 3% due to a reduction in big-ticket electronics purchases.
• NetEaseStock rose 3.0% on NASDAQ after Chinese-based gaming firm reported stronger-than-expected profit and sales.
• Albertsons (NYSE:) stock fell 2.1% amid reports of a large block of the grocery store chain’s stock being offered.
• AutoZone (NYSE:) stock rose 1.0% as the car seller’s quarterly earnings managed to stop the rot that set in last month. Since then, the stock has fallen nearly 25%. This is a sign that second-hand car sales are declining due to the pandemic.
• Advance Auto Parts Stock in (NYSE:) fell 1.9% following the release of guidance that was lower than market expectations. The quarter ended with sales and earnings that were in line or better than expected.