U.S. stock futures are slightly higher this morning, with Nasdaq futures gaining approximately 0.1% on Wednesday.
SMART Global Holdings Inc.’s Struggle Post Q2 Results
SMART Global Holdings Inc. (SGH) witnessed a sharp decline in pre-market trading following the revelation of its second-quarter results.
The company reported third-quarter earnings of 30 cents per share, with a variance of plus or minus 15 cents from the estimated 28 cents. Additionally, their expected third-quarter revenue of $300 million, plus or minus $25 million, falls short of the $307.864 million estimate from Benzinga Pro.
SMART Global shares plummeted by 7.4% to $24.00 in pre-market trading.
Stocks Feeling the Heat in Pre-Market Trading
Several major stocks are experiencing losses in today’s pre-market trading session.
- DocGo Inc. (DCGO) saw a 9.4% decrease to $3.4894 in pre-market trading.
- DigiAsia Corp. (FAAS) observed a 6.9% drop to $6.85 during pre-market trading post a 6% decline on Tuesday.
- Health Catalyst, Inc. (HCAT) recorded a 4.1% fall to $6.41 in pre-market trading after being downgraded by Keybanc analyst Scott Schoenhaus from Overweight to Sector Weight.
- Nano Dimension Ltd. (NNDM) witnessed a 3.6% dip to $2.71 in pre-market trading following the announcement of Q1/2024 preliminary results.
- Sunnova Energy International Inc. (NOVA) experienced a 2.6% decrease to $5.26 in pre-market trading post an approximate 18% rise on Tuesday.
- Nordstrom, Inc. (JWN) faced a 2.2% decline to $18.95 in pre-market trading.
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