Electronic Arts, Gap, Workday Rise Premarket; Affirm, Marvell Fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, August 26th. Please refresh for updates.

• Affirm (NASDAQ:AFRM) stock fell 14% after the fintech company reported a larger-than-expected quarterly loss while issuing weak full-year revenue guidance.

• Electronic Arts (NASDAQ:EA) rose 13% following a report that Amazon (NASDAQ:AMZN), down 0.6%, is about to bid for the videogames publisher.

• Gap (NYSE:GPS) stock rose 6.7% after the clothing retailer posted a quarterly profit, excluding one-time items, despite withdrawing its financial outlook for 2022.

• Twitter (NYSE:TWTR) stock rose 0.1% after the social media giant was ordered by a judge to hand over some of its internal discussions on spam accounts to Elon Musk, who is attempting to end his $44 billion deal to buy the company.

• Ulta Beauty (NASDAQ:ULTA) stock rose 3.6% after the chain of beauty stores lifted its full-year earnings and revenue guidance, benefiting from consumer demand showing signs of resilience.

• Workday (NASDAQ:WDAY) stock rose 11% after the cloud software firm reported strong quarterly earnings as well as an upbeat view of the future.

• Bed Bath & Beyond (NASDAQ:BBBY) stock rose 1.8% after the troubled home goods retailer and former meme stock favorite said it will share its new strategy with investors next week.

• Marvell (NASDAQ:MRVL) stock fell 3.5% after the chipmaker posted disappointing guidance for the third quarter, even as strong growth in its data center business boosted its second quarter profit.