U.S. stock futures presented a mixed bag this morning, with the Dow futures taking a dip by approximately 15 points on Friday.
In today’s pre-market trading, shares of Expedia Group, Inc. EXPE witnessed a sharp decline after the company unveiled its fourth-quarter financial results and introduced Ariane Gorin as CEO.
Expedia Group delivered quarterly earnings of $1.72 per share, surpassing the analyst consensus estimate of $1.68 while also reporting quarterly sales of $2.89 billion, edging past the analyst consensus estimate of $2.88 billion (as reported by Benzinga Pro).
In a report of strong growth, Expedia registered record full-year lodging gross bookings, which expanded by 11%, and record hotel gross bookings with an 18% rise compared to the previous year.
Consequently, Expedia’s shares fell 13.3% to $138.23 in pre-market trading.
Among the list of prominent movers in today’s pre-market trading session, several big names witnessed a downturn:
- The Children’s Place, Inc. PLCE saw its shares plummet by 17.5% to $16.30 in pre-market trading.
- Pinterest, Inc. PINS experienced a tumble of 10.4% to $36.50 in pre-market trading, despite reporting favorable earnings for the fourth quarter. Sales, however, failed to meet estimates, and the company projected first-quarter revenue within the range of $690 million to $705 million against estimates of $702.36 million.
- Affirm Holdings, Inc. AFRM observed a 10.4% decline to $44.11 in pre-market trading following the release of its second-quarter financial results.
- Take-Two Interactive Software, Inc. TTWO faced an 8.9% slump to $154.50 in pre-market trading. The company reported third-quarter total net bookings of $1.34 billion, marking a 3% year-over-year decrease, and revised its 2024 net bookings forecast downwards.
- Sasol Limited SSL witnessed a 6.5% fall to $7.60 in pre-market trading.
- Airbnb, Inc. ABNB experienced a 3.4% decrease to $145.47 in pre-market trading, subsequent to a 2% gain on Thursday.
- Spirit Airlines, Inc. SAVE observed a decline of around 3% to $6.97 in pre-market trading. The company recently reported a fourth-quarter fiscal 2023 revenue decline of 5% year-over-year, albeit beating consensus expectations.
- Illumina, Inc. ILMN saw a 2.7% decrease to $139.47 in pre-market trading following the release of its fourth-quarter results.
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