Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Avi Kapoor 2 years ago
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U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.
U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of Calix, Inc. (NYSE:CALX) fell sharply in pre-market trading after the company issued first-quarter adjusted EPS and revenue guidance below estimates.
Calix said it sees first-quarter adjusted earnings of 17 cents to 23 cents per share, versus analysts’ estimates of 38 cents per share. It expects revenue of $225 million to $231 million, versus expectations of $267.57 million, according to data from Benzinga Pro.
Calix shares dipped 25.4% to $33.03 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- Nyxoah S.A. (NASDAQ:NYXH) shares dipped 22.4% to $9.58 in pre-market trading after surging 31% on Monday.
- Borr Drilling Limited (NYSE:BORR) shares fell 8.9% to $6.72 in pre-market trading.
- PDD Holdings Inc. (NASDAQ:PDD) shares slipped 4.8% to $123.95 in pre-market trading after dipping over 8% on Monday.
- MINISO Group Holding Limited (NYSE:MNSO) shares declined 4.6% to $16.85 in pre-market trading after dipping over 10% on Monday.
- Valaris Limited (NYSE:VAL) shares fell 4.6% to $65.35 in pre-market trading.
- BrightSpring Health Services, Inc. (NASDAQ:BTSG) shares declined 4.3% to $10.11 in pre-market trading following a 4% fall on Monday.
- J-Long Group Limited (NASDAQ:JL) shares declined 4.1% to $10.90 in pre-market trading after gaining 13% on Monday. J-Long Group’s began trading on the Nasdaq Global Market on Jan. 24. The company announced the closing of its initial public offering of 1,400,000 ordinary shares at a public offering price of $5.00 per share and listed the aggregate gross proceeds from the offering at $7 million.
- Diageo plc (NYSE:DEO) shares fell 3.2% to $139.90 in pre-market trading as the company reported a decline in profit for the first half of fiscal 2024.
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