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Benzinga
Benzinga
Business
Avi Kapoor

RH Posts Downbeat Results, Joins Frequency Electronics, Tronox And Other Big Stocks Moving Lower In Friday's Pre-Market Session

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U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Friday.

Shares of RH (NYSE:RH) fell sharply in pre-market trading after the company posted weaker-than-expected second-quarter results after Thursday's closing bell.

RH reported quarterly earnings of $2.93 per share, which fell short of the analyst estimate of $3.20. Quarterly revenue came in at $899.15 million, which missed the Street estimate of $904.64 million.

RH shares dipped 11.5% to $201.98 in the pre-market trading session.

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

  • Rent the Runway, Inc. (NASDAQ:RENT) fell 27.1% to $5.75 in pre-market trading after the company reported worse-than-expected second-quarter EPS results.
  • Frequency Electronics Inc (NASDAQ:FEIM) fell 11% to $30.56 in pre-market trading as the company reported downbeat financial results for its first quarter after the closing bell on Thursday.
  • Zhengye Biotechnology Holding Ltd (NASDAQ:ZYBT) fell 9.3% to $8.35 in the pre-market trading after declining 11% on Thursday.
  • Inventiva S.A. (NASDAQ:IVA) dipped 8.5% to $5.28 in pre-market trading after gaining 4% on Thursday.
  • Kindly MD, Inc. (NASDAQ:NAKA) declined 7.7% to $3.64 in pre-market trading.
  • Tronox Holdings plc (NYSE:TROX) fell 5.7% to $4.71 in pre-market trading. Mizuho analyst John Roberts downgraded Tronox from Neutral to Underperform and announced a $4 price target.
  • ABIVAX Société Anonyme (NASDAQ:ABVX) fell 4.7% to $81.94 in pre-market trading.
  • Certara, Inc. (NASDAQ:CERT) fell 4.3% to $10.45 in pre-market trading.

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