Scholastic Posts Downbeat Results, Joins Beyond Meat And Other Big Stocks Moving Lower In Friday Pre-Market Session

Author: Avi Kapoor | July 19, 2024 08:21am

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Friday.

Shares of Scholastic Corporation (NASDAQ:SCHL) fell sharply in today's pre-market trading following weaker-than-expected fourth-quarter results.

Scholastic reported quarterly earnings of $1.73 per share which missed the analyst consensus estimate of $2.66 per share. Quarterly sales came in at $474.9 million which missed the analyst consensus estimate of $552.496 million, according to data from Benzinga Pro.

Scholastic shares dipped 11.9% to $32.21 in the pre-market trading session.

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

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares tumbled 19.3% to $276.99 in pre-market trading after the company suffered major outage impacting businesses around the world.
SunPower Corporation (NASDAQ:SPWR) shares dipped 14.6% to $1.29 in pre-market trading. SunPower shares dipped 40% on Thursday following the company's announcement of a significant operational pause and a subsequent analyst downgrade.
Plug Power Inc. (NASDAQ:PLUG) shares declined 12% to $2.57 in pre-market trading after the company announced the commencement of a $200 million public offering of its common stock.
HighPeak Energy, Inc. (NASDAQ:HPK) shares dipped 10.2% to $15.21 in pre-market trading.
Autoliv, Inc. (NYSE:ALV) fell 9% to $98.83 in pre-market trading following downbeat quarterly results.
Riley Exploration Permian, Inc. (NYSE:REPX) shares declined 7.4% to $27.94 in pre-market trading.
Wipro Limited (NYSE:WIT) fell 7.3% to $6.39 in pre-market trading following first-quarter results.