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Brightview Posts Downbeat Q4 Results, Joins Astronics, Spire Global And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

Avi Kapoor 1 hour ago

MarketsTrading IdeasPre-Market OutlookMoversNews

U.S. futures rose, but BrightView plunged 17.7% after missing earnings and sales estimates; Lightwave Logic and others also fell premarket.

U.S. stock futures were higher this morning, with the Nasdaq 100 futures gaining over 500 points on Wednesday.

Shares of Brightview Holdings Inc (NYSE:BV) fell sharply in pre-market trading after the company reported worse-than-expected quarterly financial results and issued FY27 sales guidance below estimates.

BrightView posted adjusted earnings of 18 cents per share, missing market estimates of 26 cents per share. The company’s sales came in at $677.300 million, missing expectations of $724.054 million.

Brightview shares dipped 17.7% to $9.40 in pre-market trading.

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

  • Lightwave Logic Inc (NASDAQ:LWLG) shares tumbled 25.4% to $3.28 in pre-market trading after dipping over 10% on Tuesday.
  • Astronics Corporation (NASDAQ:ATRO) shares declined 13.7% to $53.48 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter sales guidance with its midpoint below estimates.
  • Spire Global, Inc. (NYSE:SPIR) declined 11.1% to $8.31 in pre-market trading after the company reported worse-than-expected quarterly financial results.
  • Hagerty, Inc. (NYSE:HGTY) declined 8.7% to $15.49 in pre-market trading after the company announced pricing of its upsized secondary offering of Class A common stock.
  • Grocery Outlet Holding Corp. (NASDAQ:GO) fell 8% to $12.90 in pre-market trading following third-quarter results.
  • Alcon Inc. (NYSE:ALC) declined 5.3% to $70.32 in pre-market trading following weak quarterly sales.
  • Honda Motor Co., Ltd. (NYSE:HMC) fell 4.3% to $33.38 in pre-market trading. Honda Motor recently reported a year-over-year decrease in its second-quarter EPS results.
  • Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) declined 3.4% to $885.00 in pre-market trading.
  • Gilat Satellite Networks Ltd. (NASDAQ:GILT) fell 3.2% to $5.84 in pre-market trading. Gilat Satellite Networks shares dipped around 20% on Tuesday after the company reported mixed third-quarter financial results.

Photo via Shutterstock

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