Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Symbotic Reports Weak Sales, Joins FMC, UBS And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Published 06/02/2024, 10:42
Updated 06/02/2024, 12:10
© Reuters.  Symbotic Reports Weak Sales, Joins FMC, UBS And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
RMBS
-
USB
-
FMC
-
TSLA
-
AMKR
-
PLUG
-
CHGG
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were mixed this morning, with the Dow futures falling over 80 points on Tuesday.

Shares of Symbotic Inc. (NASDAQ: SYM) fell sharply in today’s pre-market trading after the company reported mixed first-quarter financial results.

Symbotic reported quarterly losses of 2 cents per share which beat the analyst consensus estimate of a loss of 6 cents per share. The company reported quarterly sales of $368.45 million, missing the analyst consensus estimate of $368.86 million, according to data from Benzinga Pro.

Symbotic shares dipped 20.2% to $39.56 in pre-market trading.

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

  • FMC Corporation (NYSE: FMC) shares declined 15.4% to $51.10 in pre-market trading after the company reported worse-than-expected fourth-quarter results.
  • Rambus Inc. (NASDAQ: RMBS) shares fell 10.4% to $61.20 in pre-market trading after the company reported mixed quarterly financial results.
  • Chegg, Inc. (NYSE: CHGG) shares declined 8.8% to $8.48 in pre-market trading after the company issued weak first-quarter guidance.
  • Nyxoah S.A. (NASDAQ: NYXH) shares fell 8.7% to $9.79 in pre-market trading.
  • Plug Power Inc. (NASDAQ: PLUG) shares fell 5.9% to $4.09 in pre-market trading after declining around 7% on Monday.
  • Amkor Technology, Inc. (NASDAQ: AMKR) shares fell 4.7% to $30.79 in pre-market trading after the company issued weak first-quarter guidance.
  • UBS Group AG (NYSE: UBS) fell 4.2% to $28.55 in pre-market trading after the company posted quarterly results and announced a share buyback of up to $1 billion.
  • Tesla, Inc. (NASDAQ: TSLA) shares declined 2.4% to $176.67 in pre-market trading after falling around 3.7% on Monday.

Now Read This: Investor Sentiment Improves Following Services PMI; S&P 500 Slips From Record Levels

Don’t forget to check out our premarket coverage here

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.