Leslie's Issues Preliminary Financial Results, Joins Beyond Meat, Domino's And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Shares of Leslie’s, Inc. (NASDAQ:LESL) fell sharply in today's pre-market trading after the company issued preliminary third-quarter financial results below estimates and cut its FY24 guidance.
After the market close on Wednesday, Leslie's announced it now expects third-quarter revenue of approximately $570 million versus estimates of $615.407 million. The pool supply company anticipates third-quarter adjusted earnings of 32 cents to 33 cents per share versus Benzinga Pro estimates of 42 cents per share.
Leslie's also cut its full-year 2024 revenue guidance from a range of $1.141 billion to $1.47 billion to a new range of $1321 billion to $1.347 billion. The company slashed its adjusted earnings forecast from a range of 25 cents to 33 cents per share to a new range of 3 cents to 9 cents per share.
Leslie’s shares dipped 22.6% to $3.16 in the pre-market trading session.
Here are some big stocks recording losses in today's pre-market trading session.
- Beyond Meat, Inc. (NASDAQ:BYND) shares fell 11.7% to $6.33 in pre-market trading following a report suggesting the company’s liquidity has weakened and it is engaging bondholders for debt discussions.
- Domino’s Pizza, Inc. (NYSE:DPZ) shares declined 9.1% to $430.00 in pre-market trading after the company reported mixed second-quarter results.
- Stardust Power Inc. (NASDAQ:SDST) shares fell 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.
- ADMA Biologics, Inc. (NASDAQ:ADMA) shares declined 7.1% to $12.35 in pre-market trading following a 3% drop in the previous session.
- Foot Locker, Inc. (NYSE:FL) shares declined 5.3% to $25.04 in pre-market trading. Morgan Stanley analyst Alex Straton downgraded Foot Locker from Equal-Weight to Underweight and lowered the price target from $24 to $18.
- Nokia Oyj (NYSE:NOK) fell 5.1% to $3.70 in pre-market trading following second-quarter results.
- agilon health, inc. (NYSE:AGL) shares fell 4.8% to $7.02 in pre-market trading. agilon health recently appointed Karthik Rao, M.D., as Chief Medical Officer.
- SunPower Corporation (NASDAQ:SPWR) shares slipped 4.4% to $2.41 in pre-market trading after falling over 6% on Wednesday.
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