Palo Alto Networks, Hesai Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures falling around 0.2% on Tuesday.
Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) fell sharply in today's pre-market trading.
Palo Alto Networks reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25. Quarterly sales clocked in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion, according to data from Benzinga Pro.
The company said it sees fourth-quarter adjusted earnings of $1.40 to $1.42 per share on total revenue of $2.15 billion to $2.17 billion.
Palo Alto Networks shares tumbled 7.9% to $298.25 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Hesai Group (NASDAQ:HSAI) shares declined 11.6% to $4.65 in pre-market trading following first-quarter results.
- VinFast Auto Ltd. (NASDAQ:VFS) shares fell 11.4% to $5.60 in pre-market trading after jumping around 30% on Monday.
- Gaotu Techedu Inc. (NYSE:GOTU) shares declined 8.2% to $7.51 in pre-market trading following results for the first quarter.
- Polestar Automotive Holding UK PLC (NASDAQ:PSNY) shares fell 5.5% to $1.04 in pre-market trading after declining 11% on Monday. Polestar, on Friday, acknowledged the receipt of deficiency notice from the Nasdaq.
- Bilibili Inc. (NASDAQ:BILI) shares declined 4.4% to $15.39 in pre-market trading.
- JD.com, Inc. (NASDAQ:JD) shares declined 4.3% to $33.25 in pre-market trading after the company reported interim first-quarter results and announced a proposed offering of $1.5 billion convertible senior notes.
- Li Auto Inc. (NASDAQ:LI) shares slipped 3.2% to $21.02 in pre-market trading. On Monday, Li Auto reported fiscal first-quarter 2024 revenue growth of 36.4% year-on-year to $3.55 billion, missing the analyst consensus estimate of $3.84 billion.
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