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Dell Reports Mixed Q3 Results, Joins Marvell Technology, Super Micro Computer And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 01/12/2023, 10:15
Updated 01/12/2023, 11:40
© Reuters.  Dell Reports Mixed Q3 Results, Joins Marvell Technology, Super Micro Computer And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Benzinga - by Lisa Levin, Benzinga Editor.

U.S. stock futures traded higher this morning, with the Dow Jones futures gaining more than 80 points on Friday.

Shares of Dell Technologies Inc. (NYSE: DELL) moved lower in pre-market trading after the company reported results for its third quarter.

Dell reported quarterly earnings of $1.88 per share, topping the analyst consensus estimate of $1.47. Revenue of $22.25 billion missed the analyst consensus estimate of $23.00 billion.

Dell shares declined 5.1% to $72.00 in pre-market trading.

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

  • Incannex Healthcare Limited (NASDAQ: IXHL) shares dipped 32.6% to $5.38 in pre-market trading after gaining 85% on Thursday.
  • MorphoSys AG (NASDAQ: MOR) shares declined 8.9% to $6.23 in pre-market trading after gaining 15% on Thursday.
  • Ferroglobe PLC (NASDAQ: GSM) shares fell 6.7% to $5.40 in pre-market trading after gaining around 8% on Thursday.
  • Marvell Technology, Inc. (NASDAQ: MRVL) shares fell 4.8% to $53.01 in pre-market trading after the company reported third-quarter earnings results.
  • Super Micro Computer, Inc. (NASDAQ: SMCI) shares fell 3.4% to $264.32 in pre-market trading. Supermicro priced its public offering of 2,100,700 common shares at $262 per share.
  • BioNTech SE (NASDAQ: BNTX) shares declined 3.2% to $97.18 in pre-market trading.

Now Read This: Dell Technologies, Genesco And 3 Stocks To Watch Heading Into Friday

Don’t forget to check out our premarket coverage here

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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