Yelp Reports Q4 Results, Joins Roku, Dropbox And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures trading higher by around 100 points on Friday.
Shares of Yelp Inc. (NYSE:YELP) fell sharply in today’s pre-market trading after the company reported mixed fourth-quarter financial results.
Yelp reported quarterly earnings of 37 cents per share which missed the analyst consensus estimate of 38 cents. The company reported quarterly sales of $342.38 million, beating the analyst consensus estimate of $341.32 million.
Yelp also announced its board of directors authorized a $500 million increase to its share repurchase program.
Yelp shares dipped 11.2% to $39.44 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- Semper Paratus Acquisition Corporation (NASDAQ:TVGN) shares dipped 18% to $8.20 in pre-market trading after surging 119% on Thursday. Tevogen Bio announced a $8 million equity investment.
- Bloom Energy Corporation (NYSE:BE) shares declined 17.2% to $9.91 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
- Inventiva S.A. (NASDAQ:IVA) shares fell 16.6% to $3.32 in pre-market trading after the company reported preliminary 2023 fiscal year financial results and issued an update on its clinical trial NATiV3.
- Roku, Inc. (NASDAQ:ROKU) shares declined 16% to $79.41 in pre-market trading after the company reported fourth-quarter financial results.
- Dropbox, Inc. (NASDAQ:DBX) shares declined 9.6% to $29.43 in pre-market trading after reporting fourth-quarter results.
- D-Wave Quantum Inc. (NYSE:QBTS) shares fell 8.6% to $1.81 in pre-market trading after gaining 7% on Thursday.
- Iris Energy Limited (NASDAQ:IREN) fell 8.4% to $7.09 in pre-market trading following second-quarter results.
- DoorDash, Inc. (NASDAQ:DASH) dipped 7.8% to $116.46 in pre-market trading as the company reported mixed financial results for its fourth quarter. The company said it expects first-quarter marketplace GOV to be between $18.5 billion and $18.9 billion and adjusted EBITDA in the range of $320 million to $380 million.
- Minerals Technologies Inc. (NYSE:MTX) shares fell 5% to $69.07 in pre-market trading.
- DraftKings Inc. (NASDAQ:DKNG) fell 3.5% to $42.90 in pre-market trading following weak quarterly sales.
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