Delta Air Lines Posts Downbeat Earnings, Joins United Airlines, American Airlines And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | July 11, 2024 08:42am

U.S. stock futures were lower this morning, with the Dow futures falling over 50 points on Thursday.

Shares of Delta Air Lines, Inc. (NYSE:DAL) fell sharply in today's pre-market trading after the company posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook.

Delta Air Lines reported quarterly earnings of $2.36 per share which missed the analyst consensus estimate of $2.37 per share. The company reported quarterly sales of $16.658 billion which beat the analyst consensus estimate of $15.452 billion, according to data from Benzinga Pro.

Delta Air Lines shares fell 9% to $42.65 in the pre-market trading session.

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

Newegg Commerce Inc (NASDAQ:NEGG) shares dipped 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.
Sage Therapeutics, Inc. (NASDAQ:SAGE) declined 7.1% to $10.25 in pre-market trading after declining around 4% on Wednesday.
LiveWire Group, Inc. (NASDAQ:LVWR) shares fell 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.
Uxin Limited (NASDAQ:UXIN) fell 5.5% to $1.72 in pre-market trading. Uxin recently announced a partnership with Zhengzhou Airport Industry for the launch of a new used car superstore.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares declined 5.1% to $18.81 in pre-market trading.
United Airlines Holdings, Inc. (NASDAQ:UAL) fell 4.8% to $44.85 in pre-market trading in sympathy with Delta, which fell after reporting mixed quarterly earnings.
American Airlines Group Inc. (NASDAQ:AAL) declined 4.1% to $10.69 in pre-market trading in sympathy with Delta, which fell after reporting mixed quarterly earnings.
BW LPG Limited (NYSE:BWLP) shares slipped 4% to $17.43 in pre-market trading.
Evotec SE (NASDAQ:EVO) fell 3.7% to $5.02 in pre-market trading. On Wednesday, Evotec and Pfizer disclosed a multi-year collaboration for early drug discovery.
Conagra Brands, Inc. (NYSE:CAG) declined 3% to $27.97 in pre-market trading after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates.