share_log

Leslie's Issues Preliminary Financial Results, Joins Beyond Meat, Domino's And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Benzinga ·  Jul 18 20:22

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.

Shares of Leslie's, Inc. (NASDAQ:LESL) fell sharply in today's pre-market trading after the company issued preliminary third-quarter financial results below estimates and cut its FY24 guidance.

After the market close on Wednesday, Leslie's announced it now expects third-quarter revenue of approximately $570 million versus estimates of $615.407 million. The pool supply company anticipates third-quarter adjusted earnings of 32 cents to 33 cents per share versus Benzinga Pro estimates of 42 cents per share.

Leslie's also cut its full-year 2024 revenue guidance from a range of $1.141 billion to $1.47 billion to a new range of $1321 billion to $1.347 billion. The company slashed its adjusted earnings forecast from a range of 25 cents to 33 cents per share to a new range of 3 cents to 9 cents per share.

Leslie's shares dipped 22.6% to $3.16 in the pre-market trading session.

Here are some big stocks recording losses in today's pre-market trading session.

  • Beyond Meat, Inc. (NASDAQ:BYND) shares fell 11.7% to $6.33 in pre-market trading following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.
  • Domino's Pizza, Inc. (NYSE:DPZ) shares declined 9.1% to $430.00 in pre-market trading after the company reported mixed second-quarter results.
  • Stardust Power Inc. (NASDAQ:SDST) shares fell 8.1% to $22.50 in pre-market trading after jumping around 145% on Wednesday.
  • ADMA Biologics, Inc. (NASDAQ:ADMA) shares declined 7.1% to $12.35 in pre-market trading following a 3% drop in the previous session.
  • Foot Locker, Inc. (NYSE:FL) shares declined 5.3% to $25.04 in pre-market trading. Morgan Stanley analyst Alex Straton downgraded Foot Locker from Equal-Weight to Underweight and lowered the price target from $24 to $18.
  • Nokia Oyj (NYSE:NOK) fell 5.1% to $3.70 in pre-market trading following second-quarter results.
  • agilon health, inc. (NYSE:AGL) shares fell 4.8% to $7.02 in pre-market trading. agilon health recently appointed Karthik Rao, M.D., as Chief Medical Officer.
  • SunPower Corporation (NASDAQ:SPWR) shares slipped 4.4% to $2.41 in pre-market trading after falling over 6% on Wednesday.

Now Read This:

  • Jim Cramer Says Don't Sell Match Group: 'You've Just Got A Very, Very Smart Investor In There'
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment