Urban Outfitters Reports Q2 Earnings Results, Joins Snowflake And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | August 22, 2024 08:58am

U.S. stock futures were slightly higher this morning, with the S&P 500 futures gaining around 0.1% on Thursday.

Shares of Urban Outfitters, Inc. (NASDAQ:URBN) fell sharply in today's pre-market trading following second-quarter results.

Urban Outfitters reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of $1.01 per share. The company announced record quarterly sales of $1.35 billion, which beat the analyst consensus estimate.

Urban Outfitters shares dipped 11% to $36.94 in pre-market trading.

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

Canadian Solar Inc. (NASDAQ:CSIQ) shares dipped 12.1% to $12.80 in pre-market trading following second-quarter results.
Snowflake Inc. (NYSE:SNOW) shares fell 10% to $121.54 in pre-market trading after reporting second-quarter results.
Lufax Holding Ltd (NYSE:LU) shares declined 8.8% to $2.49 in pre-market trading following quarterly results.
Allego N.V. (NYSE:ALLG) shares fell 6.8% to $1.90 in pre-market trading.
Aegon Ltd. (NYSE:AEG) shares declined 6.1% to $6.05 in pre-market trading following H1 operating results.
NetEase, Inc. (NASDAQ:NTES) shares fell 5.8% to $87.19 in pre-market trading following weak quarterly sales.
BW LPG Limited (NYSE:BWLP) declined 5.3% to $14.98 in pre-market trading following quarterly results.