U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.1% on Thursday.
Shares of The Trade Desk, Inc. (NASDAQ:TTD) fell sharply in today's pre-market trading after the company reported worse-than-expected quarterly revenue results.
Trade Desk reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 56 cents. Quarterly revenue came in at $741.01 million, which missed the analyst consensus estimate of $758.93 million.
Trade Desk shares tumbled 27% to $89.34 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Aspen Aerogels, Inc. (NYSE:ASPN) shares fell 30.6% to $8.15 in pre-market trading after the company issued first-quarter guidance below estimates.
- Fastly, Inc. (NYSE:FSLY) shares tumbled 20.6% to $8.00 in pre-market trading. Fastly reported a fourth-quarter loss of 3 cents per share, down from earnings of 1 cent per share in the prior year’s quarter. Quarterly revenue came in at $140.58 million, beating the $138.27 million analyst consensus estimate. Fastly expects first-quarter losses of between 9 cents and 5 cents per share, versus the loss of 1 cent estimate, and revenue in a range of $136 million to $140 million, versus the $137.05 million estimate.
- Atai Life Sciences N.V. (NASDAQ:ATAI) fell 14.5% to $2.1800 in pre-market trading after the company announced the pricing of public offering of common shares.
- Reddit, Inc. (NYSE:RDDT) fell 14.1% to $185.94 in pre-market trading after the company reported fourth-quarter results.
- Open Lending Corporation (NASDAQ:LPRO) shares dipped 13% to $5.02 in pre-market trading.
- British American Tobacco p.l.c. (NYSE:BTI) fell 9.6% to $38.66 in pre-market trading.
- Unilever PLC (NYSE:UL) declined 6.8% to $55.14 in pre-market trading as the company reported 2024 underlying sales growth of 4.2%.
- Pegasystems Inc. (NASDAQ:PEGA) fell 6.2% to $99.50 in pre-market trading following fourth-quarter results.
- Lionsgate Studios Corp. (NASDAQ:LION) slipped 3.3% to $8.27 in pre-market trading.
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