By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, March 3rd. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock rose 1.8% after data released Friday showed that the electric car manufacturer sold 74,402 China-made electric vehicles in February, up 12.6% from January, and 31.65% higher from a year earlier.
Costco (NASDAQ: COST ) stock fell 2.5% after the big box retailer posted disappointing second quarter revenue as consumers are limiting their spending on discretionary items because of the continued high inflation.
Zscaler (NASDAQ: ZS ) stock fell 12% after the cloud security computer announced it planned to lay off around 3% of its workforce due to the difficult macroeconomic situation.
Marvell (NASDAQ: MRVL ) stock fell 10.4% after the semiconductor company posted disappointing guidance for the fiscal first quarter, citing inventory corrections.
Procter & Gamble (NYSE: PG ) stock rose 1% after JPMorgan upgraded its stance on the consumer goods company to 'overweight' from 'neutral', saying the company can generate superior earnings during an economic downturn.
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