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Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Published 30/01/2024, 10:10
© Reuters. Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.

Shares of Calix, Inc. (NYSE: CALX) fell sharply in pre-market trading after the company issued first-quarter adjusted EPS and revenue guidance below estimates.

Calix said it sees first-quarter adjusted earnings of 17 cents to 23 cents per share, versus analysts’ estimates of 38 cents per share. It expects revenue of $225 million to $231 million, versus expectations of $267.57 million, according to data from Benzinga Pro.

Calix shares dipped 25.4% to $33.03 in pre-market trading.

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

  • Nyxoah S.A. (NASDAQ: NYXH) shares dipped 22.4% to $9.58 in pre-market trading after surging 31% on Monday.
  • Borr Drilling Limited (NYSE: BORR) shares fell 8.9% to $6.72 in pre-market trading.
  • PDD Holdings Inc. (NASDAQ: PDD) shares slipped 4.8% to $123.95 in pre-market trading after dipping over 8% on Monday.
  • MINISO Group Holding Limited (NYSE: MNSO) shares declined 4.6% to $16.85 in pre-market trading after dipping over 10% on Monday.
  • Valaris Limited (NYSE: VAL) shares fell 4.6% to $65.35 in pre-market trading.
  • BrightSpring Health Services, Inc. (NASDAQ: BTSG) shares declined 4.3% to $10.11 in pre-market trading following a 4% fall on Monday.
  • J-Long Group Limited (NASDAQ: JL) shares declined 4.1% to $10.90 in pre-market trading after gaining 13% on Monday. J-Long Group’s began trading on the Nasdaq Global Market on Jan. 24. The company announced the closing of its initial public offering of 1,400,000 ordinary shares at a public offering price of $5.00 per share and listed the aggregate gross proceeds from the offering at $7 million.
  • Diageo plc (NYSE: DEO) shares fell 3.2% to $139.90 in pre-market trading as the company reported a decline in profit for the first half of fiscal 2024.

Now Read This: Investor Optimism Improves Slightly Ahead Of Big Earnings, Fed's Policy Decision

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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