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Airbnb Reports Q4 Results, Joins MGM Resorts, Upstart And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Published 14/02/2024, 09:55
Updated 14/02/2024, 11:10
© Reuters. Airbnb Reports Q4 Results, Joins MGM Resorts, Upstart And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were higher this morning, with the Nasdaq futures trading higher by around 80 points on Wednesday.

Shares of Airbnb, Inc. (NASDAQ: ABNB) shares fell in today’s pre-market trading after the company reported fourth-quarter financial results.

Airbnb said fourth-quarter revenue increased 17% year-over-year to $2.22 billion, which beat the consensus estimate of $2.16 billion. The company reported a quarterly loss of 55 cents per share, according to data from Benzinga Pro.

Airbnb sees first-quarter revenue in the range of $2.03 billion to $2.07 billion versus estimates of $2.03 billion.

Airbnb shares declined 6.1% to $141.67 in pre-market trading.

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

  • QuidelOrtho Corporation (NASDAQ: QDEL) shares dipped 32.6% to $45.03 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.
  • Nukkleus Inc. (NASDAQ: NUKK) shares fell 27.6% to $1.42 in pre-market trading after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.
  • Upstart Holdings, Inc. (NASDAQ: UPST) tumbled 19.7% to $26.39 in pre-market trading after the company issued first-quarter revenue guidance below estimates.
  • BlackLine, Inc. (NASDAQ: BL) fell 14.2% to $50.00 in pre-market trading after reporting quarterly results.
  • HUTCHMED (China) Limited (NASDAQ: HCM) shares fell 5.1% to $13.30 in pre-market trading.
  • VIZIO Holding Corp. (NYSE: VZIO) fell 4.7% to $9.29 in pre-market trading. VIZIO shares jumped around 25% on Tuesday following a WSJ report suggesting Walmart is in talks to buy the company for more than $2 billion.
  • Corsair Gaming, Inc. (NASDAQ: CRSR) shares declined 4.5% to $12.25 in pre-market trading following weak quarterly results.
  • Maplebear Inc. (NASDAQ: CART) fell 4% to $26.75 in pre-market trading following quarterly results.
  • Topgolf Callaway Brands Corp. (NYSE: MODG) fell 3.9% to $13.00 in pre-market trading after the company posted fourth-quarter results and issued 2024 guidance.
  • MGM Resorts International (NYSE: MGM) shares declined 3.8% to $43.89 in pre-market trading after the company reported fourth-quarter financial results.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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