Applied Materials, Amcor, RLX Technology And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | August 16, 2024 08:30am

U.S. stock futures were mixed this morning, with the S&P 500 futures falling around 0.1% on Friday.

Shares of Applied Materials, Inc. (NASDAQ:AMAT) declined in today's pre-market trading following third-quarter results.

Applied Materials reported third-quarter revenue of $6.78 billion, beating the consensus estimate of $6.673 billion. The chip equipment company reported adjusted earnings of $2.12 per share, beating analyst estimates of 2.02 per share.

Applied Materials anticipates fourth-quarter revenue of $6.53 billion, plus or minus $400 million, versus estimates of $6.91 billion. The company expects fourth-quarter adjusted earnings to be between $2 and $2.36 per share, versus estimates of $2.14 per share.

Applied Materials shares fell 3.1% to $205.25 in pre-market trading.

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

Sonida Senior Living, Inc. (NYSE:SNDA) shares dipped 15.4% to $27.06 in today's pre-market trading. Sonida Senior Living priced its upsized public offering of 4.3 million common stock at $27 per share.
Lumen Technologies, Inc. (NYSE:LUMN) shares declined 6.1% to $5.36 in pre-market trading.
Baytex Energy Corp. (NYSE:BTE) shares fell 5.8% to $3.40 in pre-market trading.
U-BX Technology Ltd. (NASDAQ:UBXG) shares declined 4% to $19.00 in pre-market trading after jumping 45% on Thursday.
Pacific Biosciences of California, Inc. (NASDAQ:PACB) fell 3.5% to $1.63 in pre-market trading after jumping 25% on Thursday.
Amcor plc (NYSE:AMCR) declined 3.1% to $10.51 in pre-market trading following fourth-quarter results.
RLX Technology Inc. (NYSE:RLX) shares fell 2.5% to $1.58 in pre-market trading following weak quarterly sales.