Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Avi Kapoor

Scholastic Posts Downbeat Results, Joins Lennar And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Dow Scholastic Lennar
Display,Of,Stock,Market,Quotes

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

Shares of Scholastic Corp (NASDAQ:SCHL) fell sharply in the pre-market trading after the company reported downbeat financial results for the first quarter.

Scholastic reported quarterly losses of $2.52 per share which missed the analyst consensus estimate of losses of $2.44 per share. The company reported quarterly sales of $225.600 million which missed the analyst consensus estimate of $238.905 million.

Scholastic shares dipped 10.3% to $24.70 in the pre-market trading session.

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

  • VTEX (NYSE:VTEX) dipped 6.7% to $4.33 in pre-market trading.
  • Plug Power Inc (NASDAQ:PLUG) fell 5.2% to $1.99 in pre-market trading after gaining more than 4% on Thursday.
  • VNET Group, Inc. (NASDAQ:VNET) dropped 5% to $9.46 in pre-market trading. VNET Group announced it secured a 40MW wholesale order from a leading internet company for its new Gu’an IDC Campus.
  • Sailpoint Inc (NASDAQ:SAIL) fell 4.4% to $21.45 in pre-market trading after gaining more than 6% on Thursday.
  • 1-800-Flowers.Com Inc (NASDAQ:FLWS) fell 3.9% to $5.43 in pre-market trading.
  • Lennar Corp (NYSE:LEN) fell 2.8% to $129.17 in pre-market trading after the company posted weaker-than-expected third-quarter results after Thursday's closing bell. Lennar reported adjusted earnings of $2 per share, which missed the consensus estimate of $2.10. Quarterly revenue came in at $8.81 billion, which missed the Street estimate of $8.99 billion.

Now Read This:

Photo via Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Nothing used to be off-limits when talking about sex. Now I’m in a long-term relationship, why is it taboo?
There’s an assumption sex in the throes of new lust is hot, but in long-term relationships it’s three humps in missionary. Does married sex need a rebrand?
The Guardian - AU
The Guardian - AU
Of Course Elvis Presley Once Had A Dressing Room With Lavish Faucets Shaped Like Women's Body Parts
Well now I know that!
Cinemablend
Cinemablend
Enormous black hole unexpectedly found in tiny galaxy
An unexpected monster black hole was found hiding inside one of the Milky Way’s tiniest neighbors, rewriting what scientists thought they knew about how small galaxies hold themselves together.
Space
Space
“Not only did I get it back, not one thing had been taken out of the car and all my songwriting books were there untouched": Raye has found her lost musical jottings, paving the way for her second album
Where the hell are my notebooks? Your notebooks are coming
MusicRadar
MusicRadar
Grocery Stores That Locals Swear Are Haunted After Closing
Most grocery stores are bright, busy, and noisy places. However, after the last customer has left and the lights are turned down low, they can become a very different and very spooky environment. The long, empty aisles and the hum of the freezers can play tricks on your mind. In…
Grocery Coupon Guide
Grocery Coupon Guide
Girl Finds Out Why Her Boyfriend’s ‘Little Sister’ Hates Her, And The Internet Is Speechless
“I would’ve snapped a picture and sent it to his mom.”
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play