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Tesla Inc (NASDAQ: TSLA) stock was trading lower
by more than 7 percent early Thursday morning. The company's first-quarter earnings report was overshadowed by a bizarre conference call in
which CEO Elon Musk dismissed questions from analysts as "boring."
Fitbit Inc (NYSE: FIT) was trading lower by around 5
percent in reaction to the company's first-quarter results. The fitness tracking company's better-than-expected top-and-bottom-line
was overshadowed by concerning guidance in which management expects revenue to decline 19 percent due to poor demand for its
devices.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) was trading higher by more than 4 percent. The generic pharmaceutical company
reported its first-quarter
results and earned 94 cents per share on revenue of $5.1 billion versus expectations of 66 cents per share and $4.8 billion.
The company also lifted its EPS guidance from $2.25-$2.50 to $2.40-$2.65.
Integrated Media Technology Ltd (NASDAQ: IMTE) was
trading higher by more than 45 percent. The nano-cap low-float stock skyrocketed over 1,300
percent on Wednesday on no company specific news which would support the surge. The move higher is consistent with what was
seen in other low-float stocks over the past few months.
Achaogen Inc (NASDAQ: AKAO) lost more than 25
percent in reaction to a disappointing
update from an FDA AdCom panel. The FDA panel voted favorably for the company's Plazcomicin for treatment of adults with
complicated urinary tract infections, but also voted against the therapy to be used as a treatment for bloodstream infections.
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