I'm LongbridgeAI, I can summarize articles.Concentrix shares plunged 10.6% in pre-market trading despite beating Q3 earnings estimates, due to weak guidance and lowered FY26 sales forecasts. The stock fell to $22.25. Other stocks also declined, including Trulieve Cannabis, Moderna, WPP, NN Inc, Elevra Lithium, Nextdoor Holdings, Cal-Maine Foods, Iperionx, and Chimera Investment Corp.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.2% on Wednesday.
Shares of Concentrix Corporation (NASDAQ:CNXC) fell sharply in pre-market trading after the company reported mixed third-quarter financial results and issued weak guidance for the current quarter. Also, the company narrowed its FY26 adjusted EPS guidance and cut its FY26 sales guidance below estimates.
Concentrix reported quarterly earnings of $2.92 per share which beat the analyst consensus estimate of $2.71 per share. The company reported quarterly sales of $2.454 billion which missed the analyst consensus estimate of $2.476 billion.
Concentrix shares dipped 10.6% to $22.25 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Trulieve Cannabis Corp (NYSE:TRLV) fell 5.3% to $11.75 in pre-market trading.
- Moderna Inc (NASDAQ:MRNA) dipped 5.3% to $192.69 in pre-market trading after gaining 3% on Tuesday.
- WPP PLC (NYSE:WPP) fell 4.4% to $24.14 in pre-market trading.
- NN Inc (NASDAQ:NNBR) declined 4.4% to $3.71 in pre-market trading after gaining 4% on Tuesday. The company recently raised its FY2026 sales guidance.
- Elevra Lithium Limited (NASDAQ:ELVR) declined 4.1% to $39.24 in pre-market trading.
- Nextdoor Holdings Inc (NYSE:NXDR) fell 4.1% to $2.35 in pre-market trading.
- Cal-Maine Foods, Inc. (NASDAQ:CALM) dropped 4% to $65.82 in pre-market trading following weak first-quarter results.
- Iperionx Ltd (NASDAQ:IPX) declined 3.8% to $17.60 in pre-market trading following a 2% drop on Tuesday.
- Chimera Investment Corp (NYSE:CIM) fell 3.8% to $9.81 in pre-market trading.
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