Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of Calix, Inc. (NYSE:CALX) fell sharply in pre-market trading after the company issued first-quarter adjusted EPS and revenue guidance below estimates.
Calix said it sees first-quarter adjusted earnings of 17 cents to 23 cents per share, versus analysts’ estimates of 38 cents per share. It expects revenue of $225 million to $231 million, versus expectations of $267.57 million, according to data from Benzinga Pro.
Calix shares dipped 25.4% to $33.03 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- Nyxoah S.A. (NASDAQ:NYXH) shares dipped 22.4% to $9.58 in pre-market trading after surging 31% on Monday.
- Borr Drilling Limited (NYSE:BORR) shares fell 8.9% to $6.72 in pre-market trading.
- PDD Holdings Inc. (NASDAQ:PDD) shares slipped 4.8% to $123.95 in pre-market trading after dipping over 8% on Monday.
- MINISO Group Holding Limited (NYSE:MNSO) shares declined 4.6% to $16.85 in pre-market trading after dipping over 10% on Monday.
- Valaris Limited (NYSE:VAL) shares fell 4.6% to $65.35 in pre-market trading.
- BrightSpring Health Services, Inc. (NASDAQ:BTSG) shares declined 4.3% to $10.11 in pre-market trading following a 4% fall on Monday.
- J-Long Group Limited (NASDAQ:JL) shares declined 4.1% to $10.90 in pre-market trading after gaining 13% on Monday. J-Long Group’s began trading on the Nasdaq Global Market on Jan. 24. The company announced the closing of its initial public offering of 1,400,000 ordinary shares at a public offering price of $5.00 per share and listed the aggregate gross proceeds from the offering at $7 million.
- Diageo plc (NYSE:DEO) shares fell 3.2% to $139.90 in pre-market trading as the company reported a decline in profit for the first half of fiscal 2024.
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