U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of Enphase Energy, Inc. (NASDAQ:ENPH) fell sharply in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued fourth-quarter sales guidance below estimates.
Enphase Energy posted third-quarter revenue of $293.33 million, missing the consensus estimate of $304.04 million, according to Benzinga Pro. The company reported adjusted earnings of 41 cents per share for the quarter, missing estimates of 51 cents per share.
Enphase Energy shares tumbled 17.2% to $24.60 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Rapport Therapeutics, Inc. (NASDAQ:RAPP) shares dipped 17.2% to $22.81 in pre-market trading after the company announced a $200 million proposed public offering.
- Intapp, Inc. (NASDAQ:INTA) fell 13% to $37.38 in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
- Logitech International S.A. (NASDAQ:LOGI) declined 11.3% to $99.10 in pre-market trading after the company reported second-quarter financial results. The company issued soft third-quarter net sales guidance and expects the impact of the supplier incident to be largely resolved by the fourth quarter.
- Robinhood Markets, Inc. (NASDAQ:HOOD) fell 8% to $87.00 in pre-market trading. Robinhood reported better-than-expected third-quarter financial results Tuesday after market close.
- Grid Dynamics Holdings Inc (NASDAQ:GDYN) declined 8% to $7.97 in pre-market trading.
- NXP Semiconductors NV (NASDAQ:NXPI) dipped 7.2% to $235.25 in pre-market trading after the company reported third-quarter financial results. The company issued fourth-quarter GAAP EPS guidance with its midpoint below estimates.
- Costar Group Inc (NASDAQ:CSGP) fell 6.4% to $29.96 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter GAAP EPS guidance below estimates.
- LPL Financial Holdings Inc (NASDAQ:LPLA) declined 5.5% to $300.00 in pre-market trading following mixed quarterly results.
- Solaredge Technologies Inc (NASDAQ:SEDG) dipped 5.5% to $30.40 in pre-market trading.
- F5 Inc (NASDAQ:FFIV) declined 4.6% to $438.00 in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance with its midpoint below estimates.
- Seagate Technology Holdings PLC (NASDAQ:STX) fell 3.7% to $643.20 in pre-market trading following first-quarter results.
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