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  • Celanese Posts Downbeat Results, Joins Cirrus Logic, Teradata And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Celanese Posts Downbeat Results, Joins Cirrus Logic, Teradata And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Benzinga ·  Nov 5 21:24

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Tuesday.

Shares of Celanese Corporation (NYSE:CE) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and announced it intends to temporarily reduce its quarterly dividend.

Celanese reported quarterly earnings of $2.44 per share which missed the analyst consensus estimate of $2.85 per share. The company reported quarterly sales of $2.65 billion which missed the analyst consensus estimate of $2.70 billion.

Celanese shares dipped 15.8% to $103.89 in the pre-market trading session.

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

  • Navitas Semiconductor Corporation (NASDAQ:NVTS) shares fell 19.4% to $2.10 in pre-market trading after the company reported weak third-quarter sales.
  • JELD-WEN Holding, Inc. (NYSE:JELD) shares declined 18.5% to $11.51 in pre-market trading after the company reported downbeat quarterly results and lowered FY24 sales forecast.
  • Lattice Semiconductor Corporation (NASDAQ:LSCC) declined 18% to $42.55 in pre-market trading following soft fourth-quarter guidance.
  • Altice USA, Inc. (NYSE:ATUS) fell 14.3% to $2.22 in pre-market trading after the company reported weak third-quarter financial results.
  • MediaAlpha, Inc. (NYSE:MAX) declined 13% to $13.99 in pre-market trading.
  • Tactile Systems Technology, Inc. (NASDAQ:TCMD) fell 10.3% to $13.55 in pre-market trading after the company posted weak quarterly sales and lowered FY24 sales forecast.
  • Cirrus Logic, Inc. (NASDAQ:CRUS) shares fell 9.7% to $99.83 in pre-market trading following second-quarter results.
  • Apellis Pharmaceuticals, Inc. (NASDAQ:APLS) dipped 9.5% to $25.84 in pre-market trading following weak quarterly results.
  • Cleveland-Cliffs Inc. (NYSE:CLF) shares fell 6.5% to $12.26 in pre-market trading following downbeat third-quarter results.
  • Teradata Corporation (NYSE:TDC) shares declined 5.6% to $31.51 in pre-market trading after reporting third-quarter results.

Now Read This:

  • Top 3 Health Care Stocks You'll Regret Missing In November
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