McKesson Reports Weak Sales, Joins JFrog, Fastly, Warner Bros. Discovery And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | August 08, 2024 08:20am

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.2% on Thursday.

Shares of McKesson Corporation (NYSE:MCK) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter sales results.

McKesson reported quarterly earnings of $7.88 per share which beat the analyst consensus estimate of $7.21 per share. The company reported quarterly sales of $79.30 billion which missed the analyst consensus estimate of $82.53 billion.

McKesson shares dipped 7.1% to $574.00 in pre-market trading.

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

Cardlytics, Inc. (NASDAQ:CDLX) shares dipped 49.6% to $3.48 in pre-market trading after the company reported worse-than-expected second-quarter financial results.
Bumble Inc. (NASDAQ:BMBL) shares declined 39.8% to $4.85 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
JFrog Ltd. (NASDAQ:FROG) fell 27.4% to $24.73 pre-market trading after the company reported worse-than-expected second-quarter revenue results. Additionally, the company issued FY24 guidance below estimates.
Dutch Bros Inc. (NYSE:BROS) shares fell 20.7% to $29.89 in pre-market trading after the company reported second-quarter results.
Fastly, Inc. (NYSE:FSLY) fell 20.5% to $5.42 in pre-market trading after the company issued FY24 guidance below estimates.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) dipped 12.2% to $6.77 in pre-market trading following second-quarter financial results, which included a decline in advertising revenue.
Sarepta Therapeutics, Inc. (NASDAQ:SRPT) shares fell 8.6% to $127.93 after the company reported worse-than-expected quarterly sales results.
Monster Beverage Corporation (NASDAQ:MNST) dipped 8.3% to $46.35 after the company reported worse-than-expected second-quarter financial results.