Li Auto Posts Weak Q1 Results, Joins ATRenew And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were slightly higher this morning, with the Nasdaq futures gaining around 0.2% on Monday.
Shares of Li Auto Inc. (NASDAQ:LI) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.
Li Auto posted adjusted EPS of RMB0.60 missing market estimates of RMB2.50. The company's quarterly sales came in at RMB25.634 billion missing expectations of RMB26.729 billion, according to data from Benzinga Pro.
Li Auto shares fell 4.4% to $23.80 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Super Hi International Holding (NASDAQ:HDL) shares dropped 7.6% to $20.60 in pre-market trading after gaining 14% on Friday.
- DouYu International Holdings Limited (NASDAQ:DOYU) shares declined 5.9% to $10.20 in pre-market trading. Edible Garden recently posted weak quarterly results.
- ATRenew Inc. (NASDAQ:RERE) shares fell 5.3% to $2.68 in pre-market trading after reporting weak quarterly earnings.
- Newegg Commerce Inc (NASDAQ:NEGG) shares declined 3.9% to $0.99 in pre-market trading after dipping 8% on Friday.
- YETI Holdings, Inc. (NYSE:YETI) shares slipped 3.8% to $38.00 in pre-market trading. YETI recently posted better-than-expected first-quarter financial results.
- Applied Digital Corporation (NASDAQ:APLD) shares slipped 2.2% to $4.05 in pre-market trading after surging 13% on Friday.
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