AerSale Posts Downbeat Results, Joins Costco, MongoDB And Other Big Stocks Moving Lower In Friday's Pre-Market Session
Avi Kapoor 2 years ago
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U.S. stock futures were mixed this morning, with the Dow futures falling by around 30 points on Friday.
U.S. stock futures were mixed this morning, with the Dow futures falling by around 30 points on Friday.
Shares of AerSale Corporation (NASDAQ:ASLE) fell sharply in today’s pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
AerSale posted adjusted loss of 2 cents per share, versus market estimates for a profit of 45 cents per share. The company’s quarterly sales came in at $94.422 million, missing expectations of $156.368 million, according to data from Benzinga Pro.
AerSale shares tumbled 19.4% to $7.58 in pre-market trading.
Here are some big stocks recording losses in today’s pre-market trading session.
- BigBear.ai Holdings, Inc. (NASDAQ:BBAI) declined 17.6% to $3.10 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) shares dipped 11.4% to $14.80 in pre-market trading as the company reported a 6.3% year-over-year decline in its fourth-quarter net recurring profit.
- MongoDB, Inc. (NASDAQ:MDB) fell 8.1% to $378.65 in pre-market trading after the company issued weak FY25 guidance.
- RadNet, Inc. (NASDAQ:RDNT) dipped 6.8% to $45.20 in pre-market trading. RadNet priced its public offering of 4.55 million common stock at $44 per share.
- Runway Growth Finance Corp. (NASDAQ:RWAY) fell 6.5% to $12.62 in pre-market trading following downbeat quarterly results.
- Marvell Technology, Inc. (NASDAQ:MRVL) fell 6% to $80.03 in pre-market trading after the company reported fourth-quarter financial results and issued weak Q1 guidance. The company authorized a $3 billion buyback.
- Costco Wholesale Corporation (NASDAQ:COST) fell 5% to $746.03 in pre-market trading following mixed second-quarter results.
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