By Geoffrey Smith
Stocks in focus in premarket trade on Friday, February 14th. Please refresh for updates.
9 AM ET: Microsoft (NASDAQ:MSFT) stock and Amazon.com (NASDAQ:AMZN) stock were both down by 0.5% after a judge issued an injunction to stop Microsoft building Cloud-based infrastructure for the Pentagon’s JEDI project.
8:56 AM ET: Roku (NASDAQ:ROKU) stock rose 8.2% to its highest in over two months after the maker of streaming devices reported revenue rose 49% in the fourth quarter to $411 million, well ahead of forecasts.
The company’s guidance of $1.6 billion for 2020 revenue was also above expectations.
The $10 billion contract was the biggest-ever given by the U.S. government. Amazon (NASDAQ:AMZN) objected that President Donald Trump had intervened against it out of personal bias, a response to hostile coverage