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Company News For Oct 8, 2018

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  • Costco Wholesale Corporation’s (COST - Free Report) declined 5.6% after the company said it expects to report “material weakness in internal control” in its fiscal 2018 10-K annual report
  • Shares of Snap Inc. (SNAP - Free Report) fell 0.4% after the company’s CEO, Evan Spiegel, in a memo sent to employees, set a profitability goal for the whole of 2019, aiming to reach break-even in fourth-quarter 2018
  • Precision Drilling Corporation’s (PDS - Free Report) shares slid 2.9% after the company announced that it would merge with Trinidad Drilling that would bring the value of the latter to $1.028 billion
  • Shares of Delphi Technologies PLC plummeted 12.9% after the company cut its 2018 revenue outlook to be flat with a year ago, compared with the previous guidance of 2% to 4% growth

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consumer-discretionary