Swarmer Posts Downbeat Q2 Results, Joins TSS, ARS Pharmaceuticals, Globant And Other Big Stocks Moving Lower In Friday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.Swarmer Inc (NASDAQ: SWMR) shares dropped 7% in pre-market trading after reporting Q2 results that significantly missed analyst estimates, with losses of $0.45 per share versus the expected $0.12 and sales of $216k against a $1M forecast. The stock fell to $40.00. Other major stocks moving lower included Innventure (-43.1%), TSS (-20.2%), ARS Pharmaceuticals (-15.4%), York Space Systems (-15%), Globant (-14.7%), Wix (-6.9%), Merlin (-6.6%), Okeanis Eco Tankers (-6.4%), Gemini Space Station (-6.3%), Glass House Brands (-5.6%), Applied Materials (-5.3%), and Mesoblast (-4.7%).
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Friday.
Shares of Swarmer Inc (NASDAQ:SWMR) fell sharply in pre-market trading after the company reported worse-than-expected quarterly financial results.
Swarmer reported quarterly losses of 45 cents per share which missed the analyst consensus estimate of losses of 12 cents per share. The company reported quarterly sales of $216.413 thousand which missed the analyst consensus estimate of $1.000 million.
Swarmer shares dipped 7% to $40.00 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Innventure Inc (NASDAQ:INV) shares dipped 43.1% to $2.05 in pre-market trading after the company reported mixed second-quarter financial results.
- TSS Inc (NASDAQ:TSSI) declined 20.2% to $9.55 in pre-market trading after the company reported worse-than-expected quarterly financial results.
- ARS Pharmaceuticals Inc (NASDAQ:SPRY) declined 15.4% to $5.16 in pre-market trading after the company reported mixed quarterly financial results.
- York Space Systems Inc (NYSE:YSS) dropped 15% to $9.78 in pre-market trading after the company reported mixed second-quarter financial results and cut its FY26 sales guidance below estimates.
- Globant SA (NYSE:GLOB) shares fell 14.7% to $34.98 in pre-market trading as the company reported mixed second-quarter financial results and cut its FY26 guidance below estimates.
- Wix.Com Ltd (NASDAQ:WIX) fell 6.9% to $74.50 in pre-market trading.
- Merlin Inc (NASDAQ:MRLN) declined 6.6% to $4.13 in pre-market trading following weak quarterly results.
- Okeanis Eco Tankers Corp (NYSE:ECO) fell 6.4% to $59.85 in pre-market trading.
- Gemini Space Station Inc (NASDAQ:GEMI) declined 6.3% to $4.03 in pre-market trading after the company reported mixed quarterly financial results.
- Glass House Brands Inc (NYSE:GLAS) declined 5.6% to $9.41 in pre-market trading following second-quarter results.
- Applied Materials Inc (NASDAQ:AMAT) dipped 5.3% to $506.06 in pre-market trading. Applied Materials posted better-than-expected financial results for the third quarter and issued strong guidance for the current quarter.
- Mesoblast Ltd (NASDAQ:MESO) fell 4.7% to $15.70 in pre-market trading.
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