Ubiquiti, Red Robin And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Avi Kapoor | August 23, 2024 08:16am

U.S. stock futures were higher this morning, with the Dow futures gaining around 150 points on Friday.

Shares of Ubiquiti Inc. (NYSE:UI) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter sales results.

Ubiquiti reported quarterly earnings of $1.74 per share which beat the analyst consensus estimate of $1.73 per share. The company reported quarterly sales of $507.46 million which missed the analyst consensus estimate of $511.62 million.

Ubiquiti shares dipped 7.6% to $163.22 in pre-market trading.

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

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.
U-BX Technology Ltd. (NASDAQ:UBXG) shares dipped 6.3% to $29.90 in pre-market trading after declining 7% on Thursday.
Gold Fields Limited (NYSE:GFI) shares fell 4.2% to $15.10 in pre-market trading after declining 5% on Thursday.
DouYu International Holdings Limited (NASDAQ:DOYU) shares declined 2.6% to $17.09 in pre-market trading after declining 6% on Thursday.
Cronos Group Inc (NASDAQ:CRON) shares fell 2.6% to $2.25 in pre-market trading.
Medical Properties Trust, Inc. (NYSE:MPW) shares fell 2.2% to $4.44 in pre-market trading. Medical Properties Trust declared a regular quarterly cash dividend of 8 cents per share.
BigBear.ai Holdings, Inc. (NYSE:BBAI) shares declined 2% to $1.59 in pre-market trading after falling 4% on Thursday.