U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Tuesday.
Shares of Concentrix Corp (NASDAQ:CNXC) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY26 guidance below estimates.
Concentrix reported quarterly earnings of $2.63 per share, which missed the analyst consensus estimate of $2.64, according to Benzinga Pro data. Quarterly revenue came in at $2.46 billion, which missed the consensus estimate of $2.47 billion by 0.44%.
Concentrix shares dipped 24% to $19.19 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Nuvectis Pharma Inc (NASDAQ:NVCT) fell 24.5% to $21.50 in pre-market trading after the company announced pricing of $100 million public offering of common stock.
- Universe Pharmaceuticals Inc (NASDAQ:UPC) fell 22.8% to $9.39 in pre-market trading. Universe Pharmaceuticals shares jumped 311% on Monday after the company announced it will acquire Best Praise International for $10.75 million.
- Mama’s Creations Inc (NASDAQ:MAMA) fell 11% to $18.39 in pre-market trading as the company announced pricing of $100 million public offering of common stock.
- Vishay Intertechnology Inc (NYSE:VSH) fell 8.4% to $51.57 in pre-market trading as the company announced pricing of public offering of common stock.
- Century Therapeutics Inc (NASDAQ:IPSC) shares declined 6.2% to $2.26 in pre-market trading after gaining around 4% on Monday.
- Logitech International SA (NASDAQ:LOGI) fell 5.7% to $93.00 in pre-market trading. Logitech G announced that it is the Official PC Peripheral Partner for Call of Duty: Modern Warfare 4.
- Adlai Nortye Ltd (NASDAQ:ANL) declined 5.4% to $10.80 in pre-market trading after surging 14% on Monday.
- Digital Realty Trust Inc (NYSE:DLR) fell 5.4% to $180.33 in pre-market trading as the company priced secondary offering of common stock by Blackstone.
- American Bitcoin Corp (NASDAQ:ABTC) dipped 4.8% to $0.68 in pre-market trading.
- LG Display Co Ltd (NYSE:LPL) fell 4% to $3.81 in pre-market trading after gaining 3% on Monday.
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