Meta Posts Mixed Q2 Results, Joins Coursera, Qualcomm And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session
Complete. Here is the key summaryU.S. stock futures rose slightly, but major tech stocks like Meta and Qualcomm fell in pre-market trading following mixed Q2 financial results. Meta shares dropped 9.4% despite revenue beating estimates, as earnings missed targets and capital expenditure guidance was raised. Other decliners included Teladoc Health, Rentokil Initial, and Coursera, which also reported disappointing quarterly performance or lowered guidance.
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Thursday.
Shares of Meta Platforms Inc (NASDAQ:META) fell sharply in pre-market trading after the company posted mixed financial results for the second quarter.
Meta reported second-quarter revenue of $60.80 billion, beating analyst estimates of $59.50 billion. The tech giant turned in second-quarter adjusted earnings of $6.18 per share, missing estimates of $7.13 per share, according to Benzinga Pro. The company also said it anticipates full-year capital expenditures of $130 billion to $145 billion, versus prior guidance of $125 billion to $145 billion.
Meta shares dipped 9.4% to $530.88 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Teladoc Health Inc (NYSE:TDOC) fell 21.9% to $7.17 in pre-market trading after the company reported mixed second-quarter financial results and cut its FY26 sales guidance below estimates.
- Rentokil Initial PLC (NYSE:RTO) fell 16.4% to $24.59 in pre-market trading.
- Pharming Group NV – ADR (NASDAQ:PHAR) shares dipped 15% to $10.22 in pre-market trading after the company posted weak quarterly sales and cut FY2026 sales forecast.
- FTAI Aviation Ltd (NASDAQ:FTAI) fell 12.8% to $172.00 in pre-market trading after the company reported mixed second-quarter financial results.
- MiMedx Group Inc (NASDAQ:MDXG) declined 11.4% to $3.75 in pre-market trading following second-quarter results.
- Tenable Holdings Inc (NASDAQ:TENB) fell 11% to $28.04 in pre-market trading after the company reported second-quarter financial results.
- ChipMOS Technologies Inc – ADR (NASDAQ:IMOS) declined 9.1% to $41.50 in pre-market trading after dipping 8% on Wednesday.
- Coursera Inc (NYSE:COUR) fell 8.7% to $5.64 in pre-market trading following quarterly results.
- Carvana Co (NYSE:CVNA) declined 7.5% to $61.31 in pre-market trading following second-quarter results.
- T1 Energy Inc (NYSE:TE) fell 7% to $3.46 in pre-market trading after announcing a private placement of convertible notes due 2031.
- Nomura Holdings Inc (NYSE:NMR) declined 6.3% to $9.06 in pre-market trading.
- Qualcomm Inc (NASDAQ:QCOM) fell 5.3% to $147.50 in pre-market trading after the company reported mixed third-quarter financial results and issued fourth-quarter adjusted EPS guidance below estimates.
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