Corteva Posts Downbeat Q3 Results, Joins Nvidia, Alvotech And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq 100 futures falling over 150 points on Thursday.

Shares of Corteva Inc (NYSE:CTVA) fell sharply in pre-market trading after the company reported worse-than-expected quarterly financial results.

Corteva reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $1.590 billion which missed the analyst consensus estimate of $1.764 billion.

Corteva shares dipped 8% to $11.17 in pre-market trading.

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

• Digi International Inc (NASDAQ:DGII) shares dipped 16% to $56.30 in pre-market trading. Digi International posted upbeat earnings for the fourth quarter.
• Alvotech SA (NASDAQ:ALVO) declined 6.7% to $4.59 in pre-market trading after the company announced weak quarterly results.
• American Superconductor Corp (NASDAQ:AMSC) fell 6.7% to $24.06 in pre-market trading.
• NIQ Global Intelligence PLC (NYSE:NIQ) dropped 5.9% to $19.82 in pre-market trading.
• NVIDIA Corp (NASDAQ:NVDA) fell 5.6% to $164.00 in pre-market trading following the report that CEO Jensen Huang had a second affair and the board may remove him. Oppenheimer analyst Rick Schafer downgraded NVIDIA from Outperform to Perform.
• Xanadu Quantum Technologies Ltd (NASDAQ:XNDU) declined 5.4% to $2.65 in pre-market trading following weak quarterly results.
• Horizon Quantum Holdings Ltd (NASDAQ:HQ) fell 5.4% to $12.10 in pre-market trading.
• CoreWeave Inc (NASDAQ:CRWV) declined 5% to $57.75 in pre-market trading. CoreWeave soared around 25% on Wednesday after the company reported upbeat financial results for the third quarter.
• Super Micro Computer Inc (NASDAQ:SMCI) dipped 4.7% to $28.99 in pre-market trading. Super Micro Computer shares gained around 10% on Wednesday after the company announced it has begun shipping its H15 generation servers powered by AMD EPYC 9006 Series processors.
• Alibaba Group Holding Ltd – ADR (NYSE:BABA) fell 4.6% to $96.84 in pre-market trading. Alibaba is preparing to spin off its semiconductor subsidiary, T-Head, through a proposed public offering in Hong Kong, adding a potential listed vehicle for its chip ambitions.
• Vicor Corp (NASDAQ:VICR) declined 4.2% to $161.11 in pre-market trading following a 4% gain on Wednesday.

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