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Ardelyx Posts Q4 Loss, Joins MercadoLibre, Booking Holdings And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 23/02/2024, 09:50
Updated 23/02/2024, 11:10
© Reuters. Ardelyx Posts Q4 Loss, Joins MercadoLibre, Booking Holdings And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were lower this morning, with the Dow futures trading lower by around 25 points on Friday.

Shares of Ardelyx, Inc. (NASDAQ: ARDX) fell sharply in today’s pre-market trading after the company reported mixed fourth-quarter financial results.

Ardelyx reported quarterly losses of 12 cents per share which missed the analyst consensus estimate of losses of 10 cents. The company reported quarterly sales of $34.36 million, beating the analyst consensus estimate of $34.23 million, according to data from Benzinga Pro.

Ardelyx shares dipped 13.3% to $7.65 in pre-market trading.

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

  • Applied Optoelectronics, Inc. (NASDAQ: AAOI) shares dipped 38.2% to $12.58 in pre-market trading after reporting fourth-quarter results.
  • indie Semiconductor, Inc. (NASDAQ: INDI) shares declined 15% to $5.86 in pre-market trading following weak quarterly sales.
  • ModivCare Inc. (NASDAQ: MODV) shares tumbled 14.2% to $37.64 in pre-market trading after the company issued weak sales forecast for the first quarter.
  • Booking Holdings Inc. (NASDAQ: BKNG) shares declined 9.1% to $3,545.61 in pre-market trading after the company reported fourth-quarter financial results.
  • MercadoLibre, Inc. (NASDAQ: MELI) shares fell 8.1% to $1,671.42 in pre-market trading after the company reported fourth-quarter financial results.
  • Copart, Inc. (NASDAQ: CPRT) shares declined 7.8% to $45.56 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
  • AVITA Medical, Inc. (NASDAQ: RCEL) shares fell 7.8% to $15.69 in pre-market trading following weak quarterly sales.
  • Main Street Capital Corporation (NYSE: MAIN) declined 6% to $43.00 in pre-market trading following fourth-quarter financial results.
  • Canaan Inc. (NASDAQ: CAN) shares fell 4.9% to $1.93 in pre-market trading. Canaan is expected to report fourth-quarter financial results on Feb. 27, 2024.
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Now Read This: Investor Optimism Improves Further; S&P 500 Settles At Record High

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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