Investing.com -- Stocks in focus in premarket trade on Friday, 20th December. Please refresh for updates.
- Royal Dutch Shell's ADRs (NYSE:RDSa) fell 0.9% after Europe’s oil and gas major warned it may write down up to $2.3 billion in assets in the fourth quarter due to well write-offs, decommissioning costs and other factors.
- 8 AM ET: CarMax (NYSE:KMX) stock fell 5.6% after the used car dealership network reported earnings per share 10% below market consensus at $1.04.
- That was despite a modest beat on revenue in the three months through November, which came in at $4.79 billion, rather than the $4.65 billion expected.
- CEO Bill Nash put the drop in earnings down “a significantly higher stock-based compensation expense reflecting an increasing share price during the quarter and a planned increase in third quarter advertising expense related to the company’s omni-channel rollout and the launch of a new national advertising campaign.”