Guess?, Nvidia, Pure Storage, Applied Digital And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Shares of Guess?, Inc. (NYSE:GES) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter adjusted EPS results and cut its FY25 adjusted EPS guidance below estimates.

Guess reported quarterly earnings of 42 cents per share which missed the analyst consensus estimate of 43 cents per share. The company reported quarterly sales of $732.560 million which beat the analyst consensus estimate of $729.962 million.

Guess? shares dipped 8.6% to $18.49 in pre-market trading.

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

Pure Storage, Inc. (NYSE:PSTG) fell 15.3% to $50.60 in pre-market trading after the company reported second-quarter financial results.
Applied Digital Corporation (NASDAQ:APLD) shares declined 11.8% to $3.89 in pre-market trading after posting a wider-than-expected quarterly loss.
Okta, Inc. (NASDAQ:OKTA) shares fell 8.1% to $88.74 in pre-market trading following second-quarter results.
NCR Voyix Corporation (NYSE:VYX) declined 7.6% to $12.45 in pre-market trading.
Topgolf Callaway Brands Corp. (NYSE:MODG) shares fell 5.4% to $10.00 in pre-market trading.
Ballard Power Systems Inc (NASDAQ:BLDP) shares declined 3.9% to $1.74 in pre-market trading.
Logistic Properties of the Americas (NYSE:LPA) slipped 2.2% to $10.84 in pre-market trading.
NVIDIA Corporation (NASDAQ:NVDA) shares fell 2% to $123.08 in pre-market trading. Nvidia reported better-than-expected earnings and sales results for its second quarter on Wednesday. The company issued above-consensus third-quarter revenue guidance and announced a $50-billion additional stock repurchase authorization. However, the gross margin contracted from the first quarter.