Amdocs Posts Downbeat Q4 Earnings, Joins Skyworks Solutions, Tesla And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining over 600 points on Wednesday.

Shares of Amdocs Limited (NASDAQ:DOX) fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY27 guidance below estimates.

Amdocs reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $1.99 per share. The company reported quarterly sales of $1.194 billion which missed the analyst consensus estimate.

Amdocs shares dipped 39.1% to $38.00 in pre-market trading.

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

• Nurix Therapeutics, Inc. (NASDAQ:NRIX) fell 26.4% to $19.00 in pre-market trading after Sanofi notified the company of its decision to discontinue the Phase 1 first-in-human clinical trial of SAR448272.
• Skyworks Solutions, Inc. (NASDAQ:SWKS) declined 18% to $70.06 in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter sales guidance below estimates.
• Redwood Trust, Inc. (NYSE:RWT) shares declined 11.9% to $2.74 in pre-market trading following weak quarterly results.
• Dyne Therapeutics, Inc. (NASDAQ:DYN) fell 9% to $16.43 in pre-market trading after gaining over 4% on Tuesday.
• Spyre Therapeutics Inc (NASDAQ:SYRE) declined 8.7% to $90.62 in pre-market trading after the company reported worse-than-expected quarterly EPS results.
• Ramaco Resources Inc (NASDAQ:METC) fell 8.3% to $6.18 in pre-market trading after the company reported mixed quarterly financial results.
• New Era Energy & Digital Inc (NASDAQ:NUAI) declined 7.2% to $2.58 in pre-market trading.
• Trump Media & Technology Group Corp (NASDAQ:DJT) declined 6.9% to $5.54 in pre-market trading after gaining 5% on Tuesday.
• Cipher Digital Inc (NASDAQ:CIFR) fell 6.9% to $7.56 in pre-market trading. Cipher Digital on Monday reported weaker-than-expected sales for the third quarter.  
• Geo Group Inc (NYSE:GEO) dropped 6% to $26.39 in pre-market trading.
• Revolve Group Inc (NYSE:RVLV) declined 5.8% to $20.29 in pre-market trading following weak quarterly earnings.
• Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) fell 4.7% to $15.85 in pre-market trading following downbeat quarterly results.
• IHS Holding Limited (NYSE:IHS) fell 4.3% to $8.08 in pre-market trading.
• Tesla, Inc. (NASDAQ:TSLA) fell 3.6% to $384.28 in pre-market trading. According to AP News data, Democratic Party’s Senate nominee James Talarico secured a victory in the Texas Senate race against GOP candidate Ken Paxton, who was backed by Musk after the billionaire reportedly spent $158 million in the run-up to November 3rd.

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