XP Posts Downbeat Q1 Earnings, Joins Akamai Technologies And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 200 points on Tuesday.

Shares of XP Inc (NASDAQ:XP) fell in pre-market trading after the company reported worse-than-expected first-quarter financial results. The company also named Gustavo Alejo Viviani as CFO starting Aug. 3.

XP reported quarterly earnings of 47 cents per share which missed the analyst consensus estimate of 48 cents per share. The company reported quarterly sales of $898.872 million which missed the analyst consensus estimate of $952.600 million.

XP shares dipped 3.1% to $16.80 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

• Mako Mining Corp (NASDAQ:MAKO) fell 8.8% to $7.77 in pre-market trading after gaining 4% on Monday.
• Openlane Inc (NYSE:OPLN) fell 8.7% to $32.00 in pre-market trading.
• ChipMOS Technologies Inc – ADR (NASDAQ:IMOS) declined 7.5% to $47.54 in pre-market trading.
• RoboStrategy Inc (NASDAQ:BOT) fell 7.3% to $26.29 in pre-market trading.
• Nanobiotix SA – ADR (NASDAQ:NBTX) shares dipped 7.2% to $45.91 in pre-market trading.
• Sutro Biopharma Inc (NASDAQ:STRO) dipped 7.1% to $32.04 in pre-market trading after falling 12% on Monday.
• Posco Holdings Inc (NYSE:PKX) fell 6.8% to $73.30 in pre-market trading.
• Wolfspeed Inc (NYSE:WOLF) fell 6.5% to $55.50 in pre-market trading.
• Akamai Technologies Inc (NASDAQ:AKAM) fell 3.6% to $145.25 in pre-market trading as the company announced plans to commence a $1.3 billion senior notes offering.

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