Cerebras Systems, Securitize, Stubhub Holdings And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.U.S. stock futures rose, but several major stocks declined in pre-market trading following disappointing earnings reports. Cerebras Systems shares fell 17.4% after missing revenue estimates and posting GAAP losses. Other significant decliners included Securitize (down 19.8%), Stubhub Holdings (down 18%), Alpha and Omega Semiconductor, Virgin Galactic, and Cisco Systems, all reacting to mixed or weak quarterly financial results.
U.S. stock futures were mostly higher this morning, with the Dow futures gaining more than 100 points on Thursday.
Shares of Cerebras Systems Inc (NASDAQ:CBRS) fell sharply in pre-market trading after the company reported worse-than-expected quarterly sales.
Cerebras Systems reported GAAP quarterly losses of $2.98 per share, according to Benzinga Pro data. Quarterly revenue came in at $180.11 million which missed the Street estimate of $194.2 million by 7.26%.
Cerebras Systems shares dipped 17.4% to $216.00 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Securitize Corp (NYSE:SECZ) shares dipped 19.8% to $6.30 in pre-market trading after the company reported worse-than-expected quarterly financial results.
- Stubhub Holdings, Inc (NYSE:STUB) tumbled 18% to $7.00 in pre-market trading after the company reported mixed quarterly financial results.
- Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) declined 11.6% to $32.09 in pre-market trading after the company reported fourth-quarter results.
- Virgin Galactic Holdings Inc (NYSE:SPCE) fell 10.6% to $2.95 in pre-market trading following second-quarter results.
- Pelagos Insurance Capital Ltd (NYSE:PLGO) dipped 10% to $21.90 in pre-market trading after the company reported worse-than-expected quarterly financial results.
- Spire Global Inc (NYSE:SPIR) declined 7.5% to $13.63 in pre-market trading following second-quarter results.
- Resideo Technologies Inc (NYSE:REZI) declined 6.8% to $23.96 in pre-market trading after the company posted second-quarter results and named Shane Harrison as chief financial officer.
- Pan American Silver Corp (NASDAQ:PAAS) fell 6.3% to $49.10 in pre-market trading following weak quarterly results.
- Cisco Systems Inc (NASDAQ:CSCO) declined 6.2% to $116.21 in pre-market trading following fourth-quarter results.
- mF International Limited (NASDAQ:MFI) fell 5.1% to $7.50 in pre-market trading.
- Hycroft Mining Holding Corp (NASDAQ:HYMC) fell 5% to $26.10 in pre-market trading.
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