Investing.com UK - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Published 23/05/2024, 10:39
© Reuters. VF Corp Posts Weak Q4 Results, Joins NetEase, Cytokinetics And Other Big Stocks Moving Lower In Thursday\'s Pre-Market Session
VFC
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 150 points on Thursday.

Shares of V.F. Corporation (NYSE:VFC) fell sharply in today's pre-market trading following worse-than-expected fourth-quarter financial results.

VF Corp. reported quarterly losses of 32 cents per share which missed the analyst consensus estimate of earnings of 1 cent per share. Quarterly sales came in at $2.37 billion which missed the analyst consensus estimate of $2.41 billion, according to data from Benzinga Pro.

The company appointed Paul Vogel as CFO, effective July 8, 2024.

V.F. Corporation shares tumbled 15.2% to $10.46 in pre-market trading.

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

  • Cytokinetics, Incorporated (NASDAQ:CYTK) shares dipped 14.7% to $50.55 in pre-market trading. Cytokinetics priced its public offering of 9,803,922 common stock at $51 per share.
  • Solowin Holdings (NASDAQ:SWIN) shares fell 8.7% to $36.01 in pre-market trading after gaining around 5% on Wednesday.
  • National Grid plc (NYSE:NGG) shares fell 8.3% to $66.05 in pre-market trading.
  • Live Nation Entertainment, Inc. (NYSE:LYV) shares declined 6.3% to $95.01 in pre-market trading. The U.S. Department of Justice will announce antitrust action against Live Nation as soon as Thursday, according to Washington Post.
  • GLOBALFOUNDRIES Inc. (NASDAQ:GFS) shares fell 6.3% to $51.75 in pre-market trading. GlobalFoundries announced pricing of $950 million secondary offering of ordinary shares, including concurrent $200 million share repurchase.
  • Bloom Energy Corporation (NYSE:BE) shares fell 5.8% to $16.00 in pre-market trading after the company announced a private offering of $250 million green convertible senior notes due 2029 to qualified institutional buyers.
  • NetEase, Inc. (NASDAQ:NTES) shares fell 4.6% to $93.85 in pre-market trading after the company reported worse-than-expected first-quarter revenue.
Now Read This: BJ’s Wholesale Club Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

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

Install Our App
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.