U.S. stock futures were higher this morning, with the Dow futures gaining around 0.1% on Wednesday.
Shares of The J. M. Smucker Company (NYSE:SJM) fell sharply in pre-market trading after the company reported weaker-than-expected second-quarter results.
JM Smucker reported quarterly earnings of $1.90 per share which missed the analyst consensus estimate of $1.93 per share. The company reported quarterly sales of $2.113 billion which missed the analyst consensus estimate of $2.115 billion.
Smucker shares dipped 7.7% to $102.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Neonode Inc. (NASDAQ:NEON) shares dipped 14.8% to $19.95 in pre-market trading.
- Summit Therapeutics Inc. (NASDAQ:SMMT) fell 5.1% to $25.60 in pre-market trading.
- Sibanye Stillwater Limited (NYSE:SBSW) declined 5% to $7.95 in pre-market trading.
- Krispy Kreme, Inc. (NASDAQ:DNUT) shares dipped 4.8% to $3.55 in pre-market trading.
- Bitmine Immersion Technologies, Inc. (NYSE:BMNR) fell 4.7% to $47.57 in pre-market trading.
- Li Auto Inc. (NASDAQ:LI) declined 4.5% to $23.53 in pre-market trading.
- Deutsche Bank Aktiengesellschaft (NYSE:DB) fell 4% to $35.36 in pre-market trading.
- Baidu, Inc. (NASDAQ:BIDU) fell 2.6% to $90.05 in pre-market trading.
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