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Stocks - Microsoft, GE, Honeywell Gain in Pre-market, Skechers crashes

Investing.com
Stocks in focus in pre-market trade on Friday
Stocks in focus in pre-market trade on Friday

Investing.com - Stocks in focus in pre-market trade Friday:

• Microsoft (NASDAQ:MSFT) stock jumped 3.46% by 8:20 AM ET (12:20 GMT) after the firm reported second-quarter earnings that beat consensus thanks to cloud services revenue.

• General Electric (NYSE:GE) stock gained 0.80% after the conglomerate managed to beat consensus expectations despite a 28% drop in profit.

• Honeywell International (NYSE:HON) stock rose 2.75% as strong sales of aircraft parts and services allowed the company to lift its 2018 earnings forecast.

• Skechers USA (NYSE:SKX) stock tanked 26.47% as second-quarter earnings per share came well under expectations and the company forecasts third-quarter EPS of $0.50 to $0.55, compared to the Factset consensus of $0.67.

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