Western Digital, Udemy, Teladoc Health And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | August 01, 2024 06:00am

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Thursday.

Shares of Western Digital Corporation (NASDAQ:WDC) fell in today's pre-market trading after the company reported its fourth-quarter financial results.

Western Digital reported quarterly earnings of $1.44 per share, which beat the analyst consensus estimate of $1.18 by 22.03%. The company reported quarterly sales of $3.76 billion, which beat the analyst consensus estimate of $3.747 billion and is a 40.72% increase over sales of $2.672 billion from the same period last year.

Western Digital shares fell 6.5% to $62.67 in pre-market trading.

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

Alphatec Holdings, Inc. (NASDAQ:ATEC) shares declined 18.9% to $8.19 in pre-market trading after the company reported second-quarter results.
Udemy, Inc. (NASDAQ:UDMY) fell 16.7% to $7.70 pre-market trading after the company reported mixed second-quarter financial results.
Teladoc Health, Inc. (NYSE:TDOC) shares declined 16.3% to $7.89 in pre-market trading following weak quarterly sales results.
Tenable Holdings, Inc. (NASDAQ:TENB) shares fell 14% to $39.51 in pre-market trading after the company reported second-quarter financial results.
Standard Biotools Inc (NASDAQ:LAB) dipped 12.9% to $1.95 in pre-market trading after the company posted weak second-quarter results.
Confluent, Inc. (NASDAQ:CFLT) shares declined 11.1% to $22.24 in pre-market trading after the company reported second-quarter financial results and issued third-quarter EPS guidance below estimates.
Arm Holdings plc (NASDAQ:ARM) shares fell 9.6% to $130.28 in pre-market trading following weak second-quarter guidance.
HSBC Holdings plc (NYSE:HSBC) fell 4.7% to $43.02 in pre-market trading.