Ford Posts Downbeat Earnings, Joins MaxLinear, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
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U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday.
Shares of Ford Motor Company (NYSE:F) fell sharply in today's pre-market trading following a second-quarter earnings miss.
Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents.
Ford Motor shares dipped 13% to $11.90 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
- Edwards Lifesciences Corporation (NYSE:EW) shares tumbled 22% to $67.85 in pre-market trading after the company reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired JenaValve and Endotronix.
- MaxLinear, Inc. (NYSE:MXL) shares declined 18.1% to $18.25 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
- STMicroelectronics N.V. (NYSE:STM) shares fell 12.4% to $34.65 in pre-market trading after the company reported a second-quarter EPS miss and issued soft third-quarter guidance.
- Teradyne, Inc. (NASDAQ:TER) dipped 8.7% to $131.00 in pre-market trading following soft third-quarter guidance.
- QuantumScape Corporation (NYSE:QS) shares fell 8.2% to $6.85 in pre-market trading after the company reported worse-than-expected EPS results.
- Stellantis N.V. (NYSE:STLA) fell 7.8% to $18.06 in pre-market trading following H1 results.
- Honeywell International Inc. (NASDAQ:HON) declined 4.6% to $203.84 in pre-market trading after the company lowered FY24 EPS guidance.
- Warner Bros. Discovery, Inc. (NASDAQ:WBD) shares fell 3% to $8.23 in pre-market trading.
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