U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Thursday.
Shares of Deere & Company (NYSE:DE) fell sharply in pre-market trading after the company reported third-quarter financial results and lowered FY25 net income outlook.
Deere reported quarterly earnings of $4.75 per share which beat the analyst consensus estimate of $4.67 per share. The company reported quarterly sales of $12.018 billion which beat the analyst consensus estimate of $10.311 billion.
Deere shares dipped 6% to $483.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Ibotta, Inc. (NYSE:IBTA) shares tumbled 32.4% to $22.91 in pre-market trading after the company reported a second-quarter revenue miss and issued third-quarter revenue guidance below estimates.
- Coherent Corp. (NYSE:COHR) dipped 19.6% to $91.75 in pre-market trading after the company announced it will sell its Aerospace and Defense Business for $400 million.
- North American Construction Group Ltd. (NYSE:NOA) declined 18.5% to $13.65 in pre-market trading after the company reported worse-than-expected second-quarter results.
- 180 Life Sciences Corp (NASDAQ:ATNF) fell 18.5% to $8.74 in pre-market trading. 180 Life Sciences shares gained over 4% on Wednesday after the company on Tuesday announced it launched an institutional Ethereum accumulation strategy.
- LG Display Co., Ltd (NYSE:LPL) shares fell 10.4% to $4.37 in pre-market trading after gaining 20% on Wednesday.
- Tapestry, Inc. (NYSE:TPR) shares fell 10.6% to $101.51 in pre-market trading after the company reported fourth-quarter results.
- NetEase, Inc. (NASDAQ:NTES) dipped 6.4% to $126.10 in pre-market trading following second-quarter results.
- PagSeguro Digital Ltd. (NYSE:PAGS) declined 6.4% to $8.83 in pre-market trading after the company reported a Q2 revenue miss.
Now Read This:
Photo via Shutterstock
