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KLA Reports Q2 Results, Joins Visa, Western Digital And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 26/01/2024, 09:58
© Reuters. KLA Reports Q2 Results, Joins Visa, Western Digital 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 falling around 100 points on Friday.

Shares of KLA Corporation (NASDAQ: KLAC) fell sharply in today’s pre-market trading after the company reported second-quarter financial results and issued third-quarter guidance.

KLA reported quarterly earnings of $6.16 per share, topping the Street's estimate of $5.91 by 4.23%. The company reported quarterly sales of $2.49 billion which beat the analyst expectations of $2.46 billion, according to data from Benzinga Pro.

The company issued third-quarter adjusted earnings guidance of $5.26 per share plus or minus 60 cents, versus the $5.85 estimate. Revenue is anticipated to be $2.30 billion plus or minus $125 million, versus the $2.46 billion estimate.

KLA shares dipped 7.5% to $593.50 in pre-market trading.

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

  • Intel Corporation (NASDAQ: INTC) shares dipped 11.4% to $43.89 in pre-market trading. Intel reported upbeat results for its fourth quarter, but issued a weak forecast for the first quarter.
  • Sagimet Biosciences Inc. (NASDAQ: SGMT) shares declined 8.7% to $12.80 in pre-market trading. Sagimet Biosciences priced public offering of 9 million Series A common stock at $12.50 per share.
  • fuboTV Inc. (NYSE: FUBO) shares fell 5.6% to $2.53 in pre-market trading.
  • Richtech Robotics Inc. (NASDAQ: RR) fell 5.3% to $9.38 in pre-market trading after gaining 32% on Thursday. Richtech Robotics signed a Letter of Intent with Ghost Kitchens International.
  • Western Digital Corporation (NASDAQ: WDC) shares fell 5.2% to $57.20 in pre-market trading. Western Digital reported better-than-expected earnings and sales results for its second quarter.
  • CG Oncology, Inc. (NASDAQ: CGON) fell 5.2% to $35.24 in pre-market trading after jumping over 95% on Thursday. CG Oncology recently priced its upsized IPO of 20 million shares of its common stock at $19.00 per share.
  • Visa Inc. (NYSE: V) fell 2.8% to $264.93 in pre-market trading after the company reported first-quarter financial results.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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