On Holding Reports Mixed Q2 Results, Joins Tencent Music Entertainment And Other Big Stocks Moving Lower In Tuesday Pre-Market Session

Author: Avi Kapoor | August 13, 2024 08:29am

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

Shares of On Holding AG (NYSE:ONON) fell sharply in today's pre-market trading following mixed second-quarter financial results.

On Holding reported quarterly earnings of 15 cents per share which missed the analyst consensus estimate of 16 cents per share. The company reported quarterly sales of $627.683 million which beat the analyst consensus estimate of $561.038 million.

On Holding shares dipped 8.6% to $36.15 in pre-market trading.

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

Viasat, Inc. (NASDAQ:VSAT) fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.
UTime Limited (NASDAQ:WTO) shares declined 6.8% to $1.36 after jumping around 22% on Monday.
Tencent Music Entertainment Group (NYSE:TME) shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.
Hudbay Minerals Inc. (NYSE:HBM) shares declined 4.9% to $7.00 in pre-market trading following a second-quarter revenue miss.
Genmab A/S (NASDAQ:GMAB) shares fell 4.2% to $25.41.
Lumen Technologies, Inc. (NYSE:LUMN) declined 3% to $4.50 after dipping around 17% on Monday.