Tesla Reports Downbeat Results, Joins Hexcel, Columbia Banking System And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mostly higher this morning, with the Dow futures gaining around 80 points on Thursday.
Shares of Tesla, Inc. (NASDAQ:TSLA) fell sharply in today’s pre-market trading after the company reported downbeat earnings and sales results for its fourth quarter.
Tesla reported fourth-quarter revenue of $25.17 billion, which was up 3% year-over-year. The revenue missed a Street consensus estimate of $25.62 billion, according to data from Benzinga Pro. The company reported earnings per share of 71 cents, which missed a Street consensus estimate of 74 cents per share.
Tesla shares dipped 7.8% to $191.53 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) dipped 18.3% to $9.00. CCC Intelligent Solutions, earlier during the month, announced pricing of upsized secondary offering of 22 million shares of common stock.
- Columbia Banking System, Inc. (NASDAQ:COLB) declined 14.3% to $21.94 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
- Digital World Acquisition Corp. (NASDAQ:DWAC) shares fell 9.2% to $34.63 in pre-market trading after dipping around 25% on Wednesday.
- Hexcel Corporation (NYSE:HXL) shares fell 8.2% to $65.78 in pre-market trading after reporting weak quarterly results.
- LG Display Co., Ltd. (NYSE:LPL) shares fell 7% to $4.78 in pre-market trading after the company reported fourth-quarter financial results.
- Rumble Inc. (NASDAQ:RUM) declined 6.5% to $5.31 in pre-market trading after dipping over 12% on Wednesday. Rumble recently announced a partnership with Barstool Sports. The company also announced the public launch of Rumble Studio.
- Nano Dimension Ltd. (NASDAQ:NNDM) fell 4.4% to $2.19 in pre-market trading.
- Foot Locker, Inc. (NYSE:FL) shares declined 4.1% to $27.27 in pre-market trading.
- Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares fell 3.5% to $8.19 in pre-market trading.
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