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IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Benzinga ·  Oct 24 08:34

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday.

Shares of International Business Machines Corporation (NYSE:IBM) fell sharply in today's pre-market trading session following a third-quarter revenue miss.

IBM reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga Pro.

IBM shares tumbled 5% to $221.28 in pre-market trading.

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

  • ICON Public Limited Company (NASDAQ:ICLR) declined 16.3% to $235.13 in pre-market trading following worse-than-expected third-quarter financial results.
  • Garrett Motion Inc. (NASDAQ:GTX) shares declined 12.6% to $6.97 in pre-market trading following weak quarterly sales.
  • Beyond, Inc. (NASDAQ:BYON) shares dipped 12% to $8.38 in pre-market trading after the company reported worse-than-expected third-quarter adjusted EPS and sales.
  • Carrier Global Corporation (NYSE:CARR) shares declined 9.9% to $72.00 in pre-market trading following worse-than-expected third-quarter revenues.
  • Spirit Airlines, Inc. (NASDAQ:SAVE) shares fell 5.2% to $2.92 in pre-market trading after jumping 46% on Wednesday.
  • enGene Holdings Inc (NASDAQ:ENGN) shares fell 4.1% to $8.96 in pre-market trading.

Now Read This:

  • Tesla, Dow And 3 Stocks To Watch Heading Into Thursday
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