U.S. stock futures were mostly lower this morning, with the Nasdaq futures falling around 70 points on Friday.
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) fell sharply in today's pre-market trading following worse-than-expected first-quarter earnings.
Marvell reported quarterly earnings of 24 cents per share, which missed the analyst consensus estimate of 25 cents. Quarterly sales came in at $1.16 billion which missed the analyst consensus estimate of $1.18 billion, according to data from Benzinga Pro.
Marvell Technology shares dipped 5% to $73.04 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
- Sify Technologies Limited (NASDAQ:SIFY) shares dipped 40.4% to $1.00 in pre-market trading after gaining over 8% on Thursday.
- Summit Therapeutics Inc. (NASDAQ:SMMT) shares fell 34.6% to $7.14 in pre-market trading. Summit Therapeutics jumped 272% on Thursday after the company's Phase III HARMONi-2 trial met its primary endpoint.
- MongoDB, Inc. (NASDAQ:MDB) shares tumbled 24.5% to $234.00 in pre-market trading after the company issued weak FY25 guidance.
- Dell Technologies Inc. (NYSE:DELL) shares dipped 13.9% to $146.38 in pre-market trading. Dell reported upbeat earnings and sales results for the first quarter.
- SentinelOne, Inc. (NYSE:S) shares declined 13.4% to $16.81 in pre-market trading after the company posted mixed first-quarter results.
- Veeva Systems Inc. (NYSE:VEEV) shares fell 8.4% to $177.80 in pre-market trading after the company issued weak revenue guidance.
- Trump Media & Technology Group Corp. (NASDAQ:DJT) shares declined 7.9% to $47.76 in pre-market trading after the jury reached a verdict in Donald Trump's hush money case.
- Nordstrom, Inc. (NYSE:JWN) shares fell 7.3% to $19.50 in pre-market trading following mixed first-quarter financial results.
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