Yext Posts Downbeat Results, Joins Contango Ore And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Author: Avi Kapoor | June 11, 2024 05:31am

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

Shares of Yext, Inc. (NYSE:YEXT) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results, issued weak second-quarter guidance and announced it will acquire Hearsay Systems.

Yext reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents. Quarterly sales came in at $96 million which missed the analyst consensus estimate of $96.325 million, according to data from Benzinga Pro.

Yext shares dipped 15.7% to $4.24 in pre-market trading.

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

Target Hospitality Corp. (NASDAQ:TH) shares declined 30.3% to $7.32 in pre-market trading after the company issued an update on South Texas Family Residential Center located in Dilley Texas.
Contango Ore, Inc. (NYSE:CTGO) shares fell 16.4% to $20.83 in pre-market trading after the company announced an underwritten public offering of common stock.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares fell 10.9% to $18.30 in pre-market trading after gaining 5% on Monday.
Uranium Energy Corp. (NYSE:UEC) shares declined 6.8% to $5.65 in pre-market trading. Uranium Energy filed fiscal third-quarter report on Monday.
CoreCivic, Inc. (NYSE:CXW) shares fell 5.3% to $14.00 in pre-market trading. CoreCivic faced contract termination by ICE for South Texas Family Residential Center and suspended its 2024 financial guidance.
TeraWulf Inc. (NASDAQ:WULF) shares declined 4.8% to $2.94 in pre-market trading.
IperionX Limited (NASDAQ:IPX) shares fell 4.7% to $14.90 in pre-market trading.