U.S. stock futures were mixed this morning, with the Dow futures gaining by around 0.1% on Friday.
Shares of Adobe Inc. (ADBE) fell sharply in today’s pre-market trading following first-quarter results. Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter. The company said it sees second-quarter revenue in the range of $5.25 billion to $5.30 billion versus estimates of $5.31 billion, according to data from Benzinga Pro. Adobe shares dipped 11.3% to $505.88 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session:
– Smartsheet Inc. (SMAR) shares tumbled 11.8% to $35.56 in pre-market trading after the company reported fourth-quarter financial results and issued FY25 revenue guidance below estimates.
– PagerDuty, Inc. (PD) shares declined 8.2% to $21.06 in pre-market trading after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.
– MicroStrategy Incorporated (MSTR) shares fell 7.1% to $1,558.00 in pre-market trading. MicroStrategy shares fell 5% on Thursday after the company announced a proposed private offering of $500 million of convertible senior notes due 2031.
– Ulta Beauty, Inc. (ULTA) shares fell 6.6% to $527.99 after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. The company’s board of directors approved a new share repurchase authorization of $2.0 billion.
– CleanSpark, Inc. (CLSK) shares fell 6.3% to $14.85 in pre-market trading amid a pullback in Bitcoin.
– Coinbase Global, Inc. (COIN) shares declined 6.2% to $219.30 in pre-market trading amid a sharp decline in Bitcoin prices.
– Marathon Digital Holdings, Inc. (MARA) shares fell 5.4% to $17.24 in pre-market trading amid a pullback in Bitcoin.
– Riot Platforms, Inc. (RIOT) shares fell 4.3% to $10.46 in pre-market trading amid a sharp decline in Bitcoin prices.
It is important for investors to stay updated on pre-market movements as they can provide valuable insights into how certain stocks may perform once the market opens. Make sure to do your own research and consult with a financial advisor before making any investment decisions.
