U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Thursday.
Shares of JOYY Inc. YY fell sharply in today's pre-market trading following weak quarterly sales.
JOYY reported quarterly earnings of $1.77 per share which beat the analyst consensus estimate of $1.18 per share. The company reported quarterly sales of $549.45 million which missed the analyst consensus estimate of $549.46 million by 0 percent. This is a 3.58 percent decrease over sales of $569.84 million the same period last year.
JOYY shares dipped 10.9% to $41.75 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Akebia Therapeutics, Inc. AKBA shares fell 26.2% to $2.09 in pre-market trading after the company priced its $50 million public offering of 25 million common shares at $2 per share.
- Maze Therapeutics, Inc MAZE fell 11.8% to $10.70 in today's pre-market trading.
- GH Research PLC GHRS declined 7.2% to $11.01 in pre-market trading.
- Enerflex Ltd. EFXT fell 7.1% to $7.00 in pre-market trading after the company reported that Marc Rossiter has stepped down as President, CEO, and Director.
- ZTO Express (Cayman) Inc. ZTO declined 5.8% to $20.49 in pre-market trading.
- Microchip Technology Incorporated MCHP fell 5.5% to $51.54 in pre-market trading after the company announced an offering of $1.35 of billion depository shares.
- UP Fintech Holding Limited TIGR fell 4.7% to $9.21 in pre-market trading.
- Regencell Bioscience Holdings Limited RGC fell 2.5% to $30.00 in pre-market trading.
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