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RH Posts Q3 Loss, Joins HashiCorp, Lululemon And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Published 08/12/2023, 10:27
Updated 08/12/2023, 11:40
© Reuters. RH Posts Q3 Loss, Joins HashiCorp, Lululemon And Other Big Stocks Moving Lower In Friday's Pre-Market Session
RH
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures traded mixed this morning, with the Dow Jones futures gaining around 15 points on Friday.

Shares of RH (NYSE: RH) shares moved lower in pre-market after the company posted an unexpected loss for its third quarter.

RH reported quarterly adjusted losses of 42 cents per share, compared to earnings of $5.67 per share from the same period last year. Quarterly sales of $751.23 million missed the Street's estimate of $756.74 million, according to Benzinga Pro.

RH shares declined 9.4% to $255.01 in pre-market trading.

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

  • Avid Bioservices, Inc. (NASDAQ: CDMO) shares tumbled 20.8% to $4.19 in pre-market trading after the company reported weak quarterly results.
  • HashiCorp, Inc. (NASDAQ: HCP) shares dipped 20.5% to $19.80 in pre-market trading after the company reported third-quarter financial results.
  • Gates Industrial Corporation plc (NYSE: GTES) shares fell 8.2% to $11.25 in pre-market trading. Gates Industrial announced a secondary offering of 15m of Gates' ordinary shares.
  • XPeng Inc. (NYSE: XPEV) shares fell 2.9% to $15.54 in pre-market trading after declining around 4% on Thursday.
  • Lululemon Athletica Inc. (NASDAQ: LULU) shares slipped 2.7% to $451.95 in pre-market trading. Lululemon reported upbeat results for its third quarter but issued a weak sales outlook for the current quarter.
  • GDS Holdings Limited (NASDAQ: GDS) fell 2.5% to $9.00 in pre-market trading. GDS secured a syndicated green financing facility of MYR1.27 billion to complete the next phase of Nusajaya Tech Park Data Center Campus development.
  • GameStop Corp. (NYSE: GME) shares declined 2.3% to $15.98 in pre-market trading. GameStop recently reported third-quarter net sales of $1.078 billion, which was down from the $1.186 billion reported in the same quarter last year.

Now Read This: Lululemon, Johnson Outdoors 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.

Read the original article on Benzinga

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