Lattice Semiconductor Posts Weak Q2 Results, Joins Symbotic, Woodward And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Author: Avi Kapoor | July 30, 2024 08:28am

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Tuesday.

Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter financial results and issued weak third-quarter revenue guidance.

Lattice Semiconductor reported quarterly earnings of 23 cents per share, which missed the analyst consensus estimate of 24 cents per share. Quarterly sales came in at $124.076 million, which missed the analyst consensus estimate of $130.172 million, according to data from Benzinga Pro.

Lattice Semiconductor shares tumbled 14.8% to $46.82 in the pre-market trading session.

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

Symbotic Inc. (NASDAQ:SYM) shares dipped 19.5% to $28.70 in pre-market trading after the company reported worse-than-expected third-quarter earnings results and issued fourth-quarter revenue guidance below estimates.
Woodward, Inc. (NASDAQ:WWD) declined 10.5% to $164.01 in pre-market trading after the company reported mixed third-quarter financial results and lowered its FY24 revenue guidance below estimates.
Novavax, Inc. (NASDAQ:NVAX) shares dipped 9.6% to $14.85 in pre-market trading after declining 4% on Monday.
Celldex Therapeutics, Inc. (NASDAQ:CLDX) shares tumbled 8.6% to $38.33 in pre-market trading after reporting Phase 2 results for barzolvolimab in chronic inducible urticaria.
Diageo plc (NYSE:DEO) declined 8.5% to $120.36 in pre-market trading after the company missed annual profit expectations.
Rambus Inc. (NASDAQ:RMBS) shares fell 7.8% to $51.50 in pre-market trading following weak quarterly sales.
Soho House & Co Inc. (NYSE:SHCO) fell 7.3% to $4.80 in pre-market trading. Soho House & Co will release its second-quarter financial results on Friday, Aug. 9.
Fitell Corporation (NASDAQ:FTEL) declined 6.8% to $14.67 in pre-market trading.
Amkor Technology, Inc. (NASDAQ:AMKR) shares fell 6.2% to $35.28 in pre-market trading after the company issued roughly in-line guidance.
Fresenius Medical Care AG (NYSE:FMS) shares declined 5.7% to $19.20 in pre-market trading following weak quarterly sales.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares declined 4.7% to $246.69 in pre-market trading.