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Benzinga
Benzinga
Business
Avi Kapoor

Celanese, Archer Aviation And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Konskie,,Poland,-,February,09,,2024:,Celanese,Company,Logo,Displayed

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Shares of Celanese Corporation (NYSE:CE) fell sharply in pre-market trading after the company reported second-quarter financial results and issued third-quarter adjusted EPS guidance below estimates.

Celanese said it sees third-quarter adjusted earnings of $1.10 to $1.40 per share, versus market estimates of $1.73 per share.

Celanese shares dipped 15.5% to $40.00 in the pre-market trading session.

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

  • BigBear.ai Holdings, Inc. (NYSE:BBAI) declined 30.8% to $4.91 in pre-market trading  after the company reported worse-than-expected second-quarter financial results and cut its FY25 sales guidance below estimates.
  • PubMatic, Inc. (NASDAQ:PUBM) shares fell 28.7% to $7.55 in pre-market trading  after the company reported Q2 financial results and issued Q3 sales guidance below estimates.
  • Fluence Energy, Inc. (NASDAQ:FLNC) dipped 14.3% to $7.83 in pre-market trading after the company reported mixed third-quarter financial results.
  • Archer Aviation Inc. (NYSE:ACHR) fell 9.9% to $8.60 in pre-market trading after the company posted a wider-than-expected quarterly loss.
  • Microvast Holdings, Inc. (NASDAQ:MVST) fell 10.2% to $2.72 in pre-market trading after posting downbeat quarterly sales.
  • TAT Technologies Ltd. (NASDAQ:TATT) dipped 7.6% to $34.25 in pre-market trading following weak quarterly sales.

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