U.S. stock futures were lower this morning, with the Dow futures falling more than 200 points on Friday.
Shares of Applied Materials, Inc. (NASDAQ:AMAT) fell sharply in today's pre-market trading following first-quarter results.
Applied Materials reported quarterly earnings of $2.32 per share, which beat the analyst consensus estimate of $2.19. Quarterly revenue clocked in at $7.05 billion, which beat the analyst consensus estimate of $6.95 billion and is an increase over sales of $6.72 billion from the same period last year.
Applied Materials shares declined 7.3% to $172.55 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Quantum Computing Inc. (NASDAQ:QUBT) shares fell 25.5% to $3.28 in pre-market trading after the company reported a registered direct offering of $40 million priced at-the-market under Nasdaq rules.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) fell 13.8% to $23.10 in pre-market trading after the company reported worse-than-expected quarterly financial results.
- Koppers Holdings Inc. (NYSE:KOP) fell 12.1% to $33.00 in pre-market trading.
- Oklo Inc. (NYSE:OKLO) fell 7.8% to $22.00 in pre-market trading following third-quarter results.
- Intuitive Machines, Inc. (NASDAQ:LUNR) fell 5.4% to $9.68 in pre-market trading. The company reported third-quarter results on Thursday.
- Ulta Beauty, Inc. (NASDAQ:ULTA) fell 4.9% to $364.01 in pre-market trading.
- SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell 4.6% to $12.24 in pre-market trading.
- Centerspace (NYSE:CSR) fell 4% to $69.50 in pre-market trading.
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