Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Author: Avi Kapoor | August 07, 2024 08:56am

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Wednesday.

Shares of Airbnb, Inc. (NASDAQ:ABNB) dipped 15.8% to $109.68 after the company reported worse-than-expected second-quarter EPS results and issued third-quarter revenue guidance below estimates.

Airbnb's second-quarter sales of $2.748 billion exceeded the analyst consensus estimate of $2.738 billion, marking a 10.63% increase from the same period last year. However, the company's quarterly GAAP earnings of 86 cents per share fell short of the analyst consensus estimate of 92 cents, missing the mark by 6.52%.

ZoomInfo Technologies shares dipped 15.2% to $8.31 in pre-market trading.

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

Emergent BioSolutions Inc. (NYSE:EBS) shares dipped 36.2% to $6.27 in pre-market trading after posting a loss for the second quarter.
Nevro Corp. (NYSE:NVRO) shares declined 31.1% to $5.99 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
National Vision Holdings, Inc. (NASDAQ:EYE) dipped 24.8% to $10.50 in pre-market trading following weak quarterly sales.
Cryoport, Inc. (NASDAQ:CYRX) shares slipped 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.
The RealReal, Inc. (NASDAQ:REAL) dipped 19.4% to $2.50 in pre-market trading following second-quarter results.
Trex Company, Inc. (NYSE:TREX) fell 16.7% to $63.75 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) dipped 16.7% to $15.70 following second-quarter results.
Progyny, Inc. (NASDAQ:PGNY) fell 16.5% to $21.48 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
Tripadvisor, Inc. (NASDAQ:TRIP) fell 15.4% to $13.80 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
Lyft, Inc. (NASDAQ:LYFT) shares declined 14.2% to $9.41 following second-quarter financial results.
Rivian Automotive, Inc. (NASDAQ:RIVN) dipped 8.1% to $13.60 after the company reported worse-than-expected quarterly adjusted EPS results.
Ashland Inc. (NYSE:ASH) dipped 6.2% to $84.78 following weak quarterly sales.
Expedia Group, Inc. (NASDAQ:EXPE) fell 3.8% to $113.05.