Nike Posts Mixed Q1 Results, Joins Mangoceuticals And Other Big Stocks Moving Lower In Friday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.Nike shares plunged 9.5% in pre-market trading after reporting mixed Q1 results, with revenue of $11.21 billion missing estimates despite beating earnings per share forecasts. This decline contributed to a broader drop among major stocks including Roze AI, Mangoceuticals, and others in Friday's pre-session.
U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Friday.
Shares of Nike Inc (NYSE:NKE) fell sharply in pre-market trading after the company reported mixed first-quarter financial results.
Nike reported first-quarter revenue of $11.21 billion, missing analyst estimates of $11.33 billion, according to Benzinga Pro. The company posted adjusted earnings of 48 cents per share for the quarter, beating estimates of 44 cents per share.
Nike shares dipped 9.5% to $31.82 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Roze AI (NASDAQ:RZAI) fell 12.3% to $23.07 in pre-market trading after dipping 29% on Thursday.
- Mangoceuticals, Inc. (NASDAQ:MGRX) declined 10.3% to $0.4310 in pre-market trading as the company announced its former subsidiary secured a $2.5 million strategic investment.
- Quantum-Si Inc (NASDAQ:QSI) fell 6.3% to $1.34 in pre-market trading after gaining 34% on Thursday.
- Target Hospitality Corp. (NASDAQ:TH) declined 6% to $19.25 in pre-market trading after gaining around 4% on Thursday.
- Fair Isaac Corporation (NYSE:FICO) dipped 6% to $622.50 in pre-market trading after jumping around 12% on Thursday.
- Cheniere Energy, Inc. (NYSE:LNG) shares fell 5.1% to $258.50 in the pre-market trading.
- Edison International (NYSE:EIX) declined 4.6% to $51.35 in pre-market trading.
- Ascentage Pharma Group (NASDAQ:AAPG) fell 4.3% to $15.22 in pre-market trading following a 4% decline on Thursday.
- Stewards Inc. (NASDAQ:SWRD) declined 4% to $2.1902 in pre-market trading after falling around 6% on Thursday.
- Equifax Inc. (NYSE:EFX) fell 3.4% to $135.00 in pre-market trading.
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