U.S. stock futures were lower this morning, with the Nasdaq futures falling around 50 points on Thursday.
Shares of Adobe Inc. (NASDAQ:ADBE) fell sharply in today's pre-market trading following the release of quarterly results.
Adobe posted better-than-expected earnings and sales results for its fourth quarter. The company said it expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share.
Adobe shares dipped 10% to $495.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Keros Therapeutics, Inc. (NASDAQ:KROS) shares tumbled 72% to $19.23 in pre-market trading after the company issued an update on the Phase 2 TROPOS trial.
- Primis Financial Corp. (NASDAQ:FRST) dipped 20.1% to $10.01 in pre-market trading.
- The Lovesac Company (NASDAQ:LOVE) shares fell 19.9% to $30.20 in pre-market trading after the company posted weak quarterly sales and lowered FY25 forecast.
- Contineum Therapeutics, Inc. (NASDAQ:CTNM) fell 12.3% to $12.50 in pre-market trading.
- Rigetti Computing, Inc. (NASDAQ:RGTI) dipped 9.1% to $6.71 in pre-market trading after gaining around 14% on Wednesday.
- Cullinan Therapeutics, Inc. (NASDAQ:CGEM) shares declined 7.3% to $11.61 in pre-market trading.
- ADS-TEC Energy PLC (NASDAQ:ADSE) fell 5.2% to $13.25 in pre-market trading.
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