**Beauty Health Company Struggles in Pre-Market, Harrow and Fisker Follow Suit**
In the early hours of Tuesday, U.S. stock futures are on the rise, with Nasdaq futures climbing approximately 45 points. However, certain major stocks are slipping, signaling a downbeat start for the day.
The Beauty Health Company, listed as SKIN on the NASDAQ, reports disappointing financial results for the third quarter, causing its shares to plummet in pre-market trading. The company recorded a loss of 56 cents per share, greatly missing the Street’s expectation of 9 cents in earnings. Moreover, their quarterly sales of $97.40 million fell short of the analyst consensus estimate of $116.30 million. Additionally, the company revoked its long-term full-year 2025 forecast, further adding to the negative sentiment surrounding its stock, which dropped a staggering 51.7% to $1.88 in pre-market trading.
Joining Beauty Health Company in the red is Harrow, Inc. (HROW) and Fisker Inc. (FSR). Harrow, Inc. witnessed a 24.6% dip to $9.67 in pre-market trading after reporting disappointing third-quarter financial results and revising its revenue guidance lower. Similarly, Fisker Inc. saw a decline of 13.4% to $3.56 in pre-market trading following their own third-quarter results.
Runway Growth Finance Corp. (RWAY) also experienced a downturn, falling 6.5% to $12.36 in pre-market trading, as the company announced the pricing of a secondary offering of 3.75 million common shares by selling stockholders at $12.56 per share.
The negative sentiment extended to Lufax Holding Ltd (LU), which dropped 5.8% to $0.96 in pre-market trading following third-quarter results, and Canopy Growth Corporation (CGC) that fell 4.5% to $0.5183 in pre-market trading. The GEO Group, Inc. (GEO) also saw a 3.2% decline to $9.00 in pre-market trading.
In challenging times like these, it becomes crucial for investors and traders to stay updated and well-informed about the dynamic shifts in the stock market. Stay tuned for further insights and developments.
– SKIN stock pre-market performance
– Harrow Inc. financial results
– Fisker Inc. stock decline
– Beauty Health Company Q3 report
– Runway Growth Finance Corp. secondary offering
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