U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Wednesday.
Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and cut its FY26 sales guidance.
Super Micro reported fourth-quarter net sales of $5.76 billion, up from $4.6 billion in the third quarter and $5.4 billion in last year’s fourth quarter. Net sales missed a Street consensus estimate of $5.88 billion, according to data from Benzinga Pro. The company reported earnings per share of $0.41, missing the Street consensus estimate of $0.44.
Super Micro Computer shares tumbled 16.3% to $47.90 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- LifeMD, Inc. (NASDAQ:LFMD) dipped 28.8% to $8.43 in pre-market trading after the company reported worse-than-expected second-quarter EPS and sales and issued weak third-quarter sales guidance.
- Personalis, Inc. (NASDAQ:PSNL) declined 26.1% to $4.17 in pre-market trading after the company reported a second-quarter revenue miss and cut its FY25 sales guidance.
- Evolus, Inc. (NASDAQ:EOLS) fell 25.5% to $6.63 in pre-market trading after the company missed second-quarter estimates and lowered its FY25 sales guidance.
- Opendoor Technologies Inc. (NASDAQ:OPEN) declined 18.5% to $2.05 in pre-market trading after the company issued weak third-quarter sales guidance.
- Digital Turbine, Inc. (NASDAQ:APPS) fell 18.2% to $4.45 in pre-market trading after the company reported a first-quarter EPS miss.
- Snap Inc. (NYSE:SNAP) shares fell 17.1% to $7.79 in pre-market trading following the release of its second-quarter financial results.
- Day One Biopharmaceuticals, Inc. (NASDAQ:DAWN) fell 14.2% to $5.90 in pre-market trading after the company reported worse-than-expected quarterly revenue results.
- Trivago NV – ADR (NASDAQ:TRVG) fell 13.3% to $4.20 in pre-market trading following quarterly results.
- Hackett Group Inc (NASDAQ:HCKT) declined 13.3% to $19.75 in pre-market trading after the company issued weak third-quarter forecast.
- Paysign Inc (NASDAQ:PAYS) fell 11.5% to $6.30 in pre-market trading after the company reported Q2 EPS below estimates.
- The Mosaic Company (NYSE:MOS) fell 4.7% to $33.99 in pre-market trading following weak quarterly earnings.
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