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Harrow Posts Weak Q4 Results, Joins TeraWulf, Nasdaq And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Published 20/03/2024, 09:32
© Reuters. Harrow Posts Weak Q4 Results, Joins TeraWulf, Nasdaq And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were slightly lower this morning, with the Dow futures falling by around 0.1% on Wednesday.

Shares of Harrow, Inc. (NASDAQ: HROW) fell sharply in today’s pre-market trading after posting weaker-than-expected fourth-quarter results.

Harrow Health posted adjusted loss of 20 cents per share, versus market estimates for a loss of 4 cents per share. The company’s quarterly sales came in at $36.35 million, missing expectations of $37.86 million, according to data from Benzinga Pro.

Harrow shares tumbled 14.6% to $9.09 in pre-market trading.

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

  • Aquestive Therapeutics, Inc. (NASDAQ: AQST) dipped 14.8% to $4.55 in pre-market trading. Aquestive Therapeutics priced its $75 million underwritten public offering of 16,666,667 common shares at $4.50 per share.
  • NuScale Power Corporation (NYSE: SMR) shares dipped 6.8% to $6.13 in pre-market trading. NuScale Power shares dipped around 35% on Tuesday after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $7.50 to $4.50.
  • MaxCyte, Inc. (NASDAQ: MXCT) shares fell 5.8% to $4.20 after gaining 7% on Tuesday. MaxCyte, last week, reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
  • TeraWulf Inc. (NASDAQ: WULF) shares declined 4.7% to $1.64 in pre-market trading following downbeat fourth-quarter results.
  • MicroStrategy Incorporated (NASDAQ: MSTR) shares fell 3.9% to $1,362.64 in pre-market trading after declining over 5% on Wednesday. MicroStrategy completed $603.75 million offering of 0.875% convertible senior notes due 2031.
  • Nasdaq, Inc. (NASDAQ: NDAQ) shares declined 3.1% to $60.52 in pre-market trading. Nasdaq priced secondary offering of 26,956,522 common shares by Borse Dubai at $59 per share.
  • Amcor plc (NYSE: AMCR) shares fell 3% to $9.10 in pre-market trading after the company announced CEO transition and reaffirmed fiscal 2024 forecast.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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