Abbott Laboratories Issues Weak Earnings Forecast, Joins MP Materials And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Oct,15,,2019,Sunnyvale, - ,Ca, - ,Usa,-,Close

U.S. stock futures were mostly lower this morning, with the Dow futures falling around 0.2% on Thursday.

Shares of Abbott Laboratories (NYSE:ABT) fell sharply in pre-market trading after the company issued third-quarter adjusted EPS guidance below estimates.

Abbott posted adjusted earnings of $1.26 per share, beating market estimates of $1.25 per share. The company's sales came in at $11.142 billion versus expectations of $11.068 billion.

Abbott Laboratories said it sees third-quarter adjusted EPS of $1.28 to $1.32, versus estimates of $1.34.

Abbott shares dipped 5.1% to $125.02 in the pre-market trading session.

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

• Nuwellis, Inc. (NASDAQ:NUWE) shares dipped 11.2% to $14.16 in pre-market trading.  Nuwellis shares jumped 131% on Wednesday after the company announced it secured a U.S. patent for an extracorporeal blood filtering machine and methods.
• Pitanium Limited (NASDAQ:PTNM) declined 7.3% to $12.41 in pre-market trading.
• Jade Biosciences, Inc. (NASDAQ:JBIO) fell 7% to $8.20 in pre-market trading.
• MP Materials Corp. (NYSE:MP) dipped 7% to $54.37 in pre-market trading after the company announced a $500 million proposed public offering.
• Ingredion Incorporated (NYSE:INGR) shares slipped 6.8% to $126.07 in pre-market trading.
• Guess?, Inc. (NYSE:GES) declined 5.8% to $12.00 in pre-market trading.
• Standard Lithium Ltd. (NYSE:SLI) fell 4.8% to $2.55 in pre-market trading.

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