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Kosmos Energy Posts Downbeat Q3 Results, Joins Once Upon A Farm And Other Big Stocks Moving Lower In Monday’s Pre-Market Session

Avi Kapoor 4 hours ago

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U.S. futures rose, but Kosmos Energy plunged 13.6% after missing Q3 earnings and sales estimates; other stocks also fell in premarket trading.

U.S. stock futures were higher this morning, with the Dow futures gaining over 200 points on Monday.

Shares of Kosmos Energy Ltd. (NYSE:KOS) fell sharply in pre-market trading after the company reported downbeat third-quarter financial results.

Kosmos Energy reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $409.880 million which missed the analyst consensus estimate of $455.349 million.

Kosmos Energy shares tumbled 13.6% to $2.47 in pre-market trading.

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

  • Precigen, Inc. (NASDAQ:PGEN) fell 20.6% to $5.51 in pre-market trading. Precigen will announce third quarter financial results on Nov. 4.
  • SVRN, Inc. (NASDAQ:SVRN) fell 13.7% to $25.68 in pre-market trading after receiving Nasdaq delisting notice.
  • Afya Limited (NASDAQ:AFYA) fell 7% to $9.71 in pre-market trading.
  • Once Upon A Farm, PBC (NYSE:OFRM) fell 6.8% to $14.00 in pre-market trading. Once Upon a Farm said that John Foraker, CEO, will host a business update conference call on Monday, Nov. 2, to discuss its voluntary recall issued on Oct. 30.
  • Gaotu Techedu Inc. (NYSE:GOTU) dropped 5.3% to $2.14 in pre-market trading.
  • Nanobiotix S.A. (NASDAQ:NBTX) declined 4.7% to $29.89 in pre-market trading after the company announced final data from Phase 1 study evaluating JNJ-1900 (NBTXR3) with immune checkpoint inhibitors as a 2L+ therapy in anti-PD-1-resistant primary cutaneous melanoma.
  • Aduro Clean Technologies Inc. (NASDAQ:ADUR) fell 4% to $9.75 in pre-market trading.
  • Equinor ASA (NYSE:EQNR) fell 3.4% to $47.12 in pre-market trading. Equinor, last week, posted downbeat quarterly earnings.
  • Northern Dynasty Minerals Ltd. (NYSE:NAK) declined 2.3% to $0.7915 in pre-market trading.

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