Ouster Reports Weak Sales, Joins Brinker International And Other Big Stocks Moving Lower In Wednesday Pre-Market Session

Author: Avi Kapoor | August 14, 2024 08:27am

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

Shares of Ouster, Inc. (NYSE:OUST) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance.

Ouster reported quarterly losses of 53 cents per share, which beat the analyst consensus estimate for a loss of 61 cents per share. Quarterly sales came in at $26.99 million which missed the analyst consensus estimate of $27.03 million.

Ouster shares dipped 16.9% to $9.04 in pre-market trading.

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

Brinker International, Inc. (NYSE:EAT) shares dipped 15.7% to $59.35 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.
Acelyrin, Inc. (NASDAQ:SLRN) shares fell 11.3% to $4.22 after the company reported worse-than-expected second-quarter EPS results.
CI&T Inc. (NASDAQ:CINT) fell 10% to $6.00 pre-market trading after gaining over 6% on Tuesday.
iLearningEngines, Inc. (NASDAQ:AILE) shares declined 7.5% to $3.71. iLearningEngines shares jumped 31% on Tuesday after the company reported better-than-expected second-quarter sales results.
CompoSecure, Inc. (NASDAQ:CMPO) shares fell 5.6% to $10.37 in pre-market trading. CompoSecure, last week, reported better-than-expected second-quarter financial results
NetEase, Inc. (NASDAQ:NTES) shares declined 2.9% to $86.99 in pre-market trading.