U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Wednesday.
Shares of Dell Technologies Inc. (NYSE:DELL) fell sharply in today's pre-market trading following third-quarter results.
Dell Technologies reported quarterly earnings of $2.15 per share, which beat the analyst consensus estimate of $2.05. Quarterly revenue came in at $24.37 billion, which missed the consensus estimate of $24.65 billion and is an increase over revenue of $22.25 billion from the same period last year.
Dell reported better-than-expected earnings for its third quarter, while sales missed estimates.
Dell shares tumbled 13.1% to $123.24 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Primega Group Holdings Limited (NASDAQ:PGHL) shares tumbled 89.2% to $11.65 in pre-market trading after surging 919% on Tuesday.
- Grifols, S.A. (NASDAQ:GRFS) shares fell 17.7% to $7.18 in pre-market trading.
- 3D Systems Corporation (NYSE:DDD) fell 15% to $2.90 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates
- Guess?, Inc. (NYSE:GES) fell 12.7% to $15.13 in pre-market trading after the company reported a year-over-year decrease in third-quarter adjusted EPS results.
- Workday, Inc. (NASDAQ:WDAY) shares dipped 10.1% to $242.95 in pre-market trading after the company revised its FY25 subscription revenue guidance.
- Frontline plc (NYSE:FRO) shares declined 9.2% to $16.40 in pre-market trading following third-quarter earnings.
- HP Inc. (NYSE:HPQ) dipped 8.7% to $35.69 in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate.
- Autodesk, Inc. (NASDAQ:ADSK) shares declined 8.2% to $292.06 in pre-market trading following third-quarter earnings.
- POET Technologies Inc. (NASDAQ:POET) shares declined 7.7% to $4.67 in pre-market trading after announcing a $25 million registered direct offering.
- CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares dipped 5.5% to $344.37 in pre-market trading. CrowdStrike posted upbeat results for its third quarter. The company said it expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share.
- TriMas Corporation (NYSE:TRS) declined 4.2% to $25.31 in pre-market trading.
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