Company News For Oct 8, 2018

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  • Costco Wholesale Corporation's COST 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 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 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 DLPH 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Symbols: SNAP , DLPH , PDS , COST

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