Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | December 19, 2024 08:29am

U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Thursday.

Shares of Lamb Weston Holdings, Inc. (NYSE:LW) fell sharply in today's pre-market trading as the company posted downbeat quarterly results and lowered FY25 outlook.

Lamb Weston reported quarterly earnings of 66 cents per share which missed the analyst consensus estimate of $1.01 per share. The company reported quarterly sales of $1.600 billion which missed the analyst consensus estimate of $1.674 billion.

Lamb Weston shares dipped 18.6% to $63.50 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

Abacus Life, Inc. (NASDAQ:ABL) shares fell 20.5% to $6.00 in pre-market trading.
Micron Technology, Inc. (NASDAQ:MU) dipped 15.6% to $87.60 in pre-market trading. Micron posted better-than-expected earnings for its first quarter, while sales missed expectations. The company said it sees second-quarter revenue of $7.9 billion, plus or minus $200 million, versus estimates of $9 billion. The company expects second-quarter adjusted earnings of $1.43 per share, plus or minus 10 cents per share, versus estimates of $1.92 per share.
Quantum Computing Inc. (NASDAQ:QUBT) shares fell 13.5% to $22.22 in pre-market trading after jumping 53% on Wednesday.
Lennar Corporation (NYSE:LEN) declined 10.5% to $130.57 in pre-market trading as the company reported worse-than-expected financial results for the fourth quarter.
Akso Health Group (NASDAQ:AHG) declined 9.4% to $1.25 in pre-market trading.
Design Therapeutics, Inc. (NASDAQ:DSGN) dipped 9.1% to $5.41 in pre-market trading.