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Adobe, Coinbase, Ulta Beauty And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 15/03/2024, 09:31
© Reuters. Adobe, Coinbase, Ulta Beauty And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were mixed this morning, with the Dow futures gaining by around 0.1% on Friday.

Shares of Adobe Inc. (NASDAQ: ADBE) fell sharply in today’s pre-market trading following first-quarter results.

Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter. The company said it sees second-quarter revenue in the range of $5.25 billion to $5.30 billion versus estimates of $5.31 billion, according to data from Benzinga Pro.

Adobe shares dipped 11.3% to $505.88 in pre-market trading.

Here are some big stocks recording losses in today’s pre-market trading session.

  • Smartsheet Inc. (NASDAQ: SMAR) shares tumbled 11.8% to $35.56 in pre-market trading after the company reported fourth-quarter financial results and issued FY25 revenue guidance below estimates.
  • PagerDuty, Inc. (NYSE: PD) shares declined 8.2% to $21.06 in pre-market trading after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.
  • MicroStrategy Incorporated (NASDAQ: MSTR) shares fell 7.1% to $1,558.00 in pre-market trading. MicroStrategy shares fell 5% on Thursday after the company announced a proposed private offering of $500 million of convertible senior notes due 2031.
  • Ulta Beauty, Inc. (NASDAQ: ULTA) shares fell 6.6% to $ 527.99 after the company reported fourth-quarter financial results and issued FY24 revenue guidance below estimates. The company's board of directors approved a new share repurchase authorization of $2.0 billion.
  • CleanSpark, Inc. (NASDAQ: CLSK) shares fell 6.3% to $14.85 in pre-market trading amid a pullback in Bitcoin.
  • Coinbase Global, Inc. (NASDAQ: COIN) shares declined 6.2% to $219.30 in pre-market trading amid a sharp decline in Bitcoin prices.
  • Marathon Digital Holdings, Inc. (NASDAQ: MARA) shares fell 5.4% to $17.24 in pre-market trading amid a pullback in Bitcoin.
  • Riot Platforms, Inc. (NASDAQ: RIOT) shares fell 4.3% to $10.46 in pre-market trading amid a sharp decline in Bitcoin prices.
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Now Read This: Adobe, Buckle And 3 Stocks To Watch Heading Into Friday

Don’t forget to check out our premarket coverage here

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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