Exact Sciences Reports Q1 Loss, Joins Beyond Meat, Duolingo And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | May 09, 2024 05:49am

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Thursday.

Shares of Exact Sciences Corporation (NASDAQ:EXAS) fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results.

Exact Sciences said first-quarter revenue increased 6% year-over-year to $638 million, which beat the consensus estimate of $627.355 million, according to Benzinga Pro. The company reported a quarterly loss of 60 cents per share, which missed analyst estimates for a loss of 48 cents per share.

Exact Sciences shares dipped 17.4% to $49.15 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

Cardlytics, Inc. (NASDAQ:CDLX) shares tumbled 28.8% to $10.40 in pre-market trading after the company reported mixed first-quarter financial results.
Delta Apparel, Inc. (NYSE:DLA) shares declined 23.5% to $2.15 pre-market trading following weaker-than-expected second-quarter results.
Bioventus Inc. (NASDAQ:BVS) shares declined 20% to $4.03 in pre-market trading. Bioventus recently reported better-than-expected first-quarter financial results and raised its FY24 guidance above estimates.
Beyond Meat, Inc. (NASDAQ:BYND) shares declined 13.4% to $7.11 in pre-market trading after the company reported a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million.
Duolingo, Inc. (NASDAQ:DUOL) shares dipped 12.4% to $213.95 in pre-market trading after the company reported first quarter financial results.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares fell 8.8% to $52.47 in pre-market trading after the company reported mixed first quarter financial results.
Arm Holdings plc (NASDAQ:ARM) shares fell 8.6% to $96.89 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.
Airbnb, Inc. (NASDAQ:ABNB) shares declined 8% to $145.30 in pre-market trading following first-quarter results.
Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) shares dipped 7.7% to $4.95 in pre-market trading following weak quarterly results.
argenx SE (NASDAQ:ARGX) shares declined 7.4% to $357.60 pre-market trading after the company reported first quarter financial results and issued a business update.
LifeMD, Inc. (NASDAQ:LFMD) shares fell 7.1% to $11.46 in pre-market trading following first-quarter earnings.
Forward Air Corporation (NASDAQ:FWRD) shares declined 7.1% to $19.99 in pre-market trading following weak quarterly results.
HubSpot, Inc. (NYSE:HUBS) shares fell 4.4% to $564.20 in pre-market trading following soft second-quarter revenue guidance.