Meta Posts Mixed Q2 Results, Joins Coursera, Qualcomm And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session
Meta Platforms META | 0.00 | |
QUALCOMM Incorporated QCOM | 0.00 | |
TENABLE HOLDINGS, INC. TENB | 0.00 | |
Carvana CVNA | 0.00 | |
Teladoc Health, Inc. TDOC | 0.00 |
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Thursday.
Shares of Meta Platforms Inc (NASDAQ:META) fell sharply in pre-market trading after the company posted mixed financial results for the second quarter.
Meta reported second-quarter revenue of $60.80 billion, beating analyst estimates of $59.50 billion. The tech giant turned in second-quarter adjusted earnings of $6.18 per share, missing estimates of $7.13 per share, according to Benzinga Pro. The company also said it anticipates full-year capital expenditures of $130 billion to $145 billion, versus prior guidance of $125 billion to $145 billion.
Meta shares dipped 9.4% to $530.88 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Teladoc Health Inc (NYSE:TDOC) fell 21.9% to $7.17 in pre-market trading after the company reported mixed second-quarter financial results and cut its FY26 sales guidance below estimates.
- Rentokil Initial PLC (NYSE:RTO) fell 16.4% to $24.59 in pre-market trading.
- Pharming Group NV – ADR (NASDAQ:PHAR) shares dipped 15% to $10.22 in pre-market trading after the company posted weak quarterly sales and cut FY2026 sales forecast.
- FTAI Aviation Ltd (NASDAQ:FTAI) fell 12.8% to $172.00 in pre-market trading after the company reported mixed second-quarter financial results.
- MiMedx Group Inc (NASDAQ:MDXG) declined 11.4% to $3.75 in pre-market trading following second-quarter results.
- Tenable Holdings Inc (NASDAQ:TENB) fell 11% to $28.04 in pre-market trading after the company reported second-quarter financial results.
- ChipMOS Technologies Inc – ADR (NASDAQ:IMOS) declined 9.1% to $41.50 in pre-market trading after dipping 8% on Wednesday.
- Coursera Inc (NYSE:COUR) fell 8.7% to $5.64 in pre-market trading following quarterly results.
- Carvana Co (NYSE:CVNA) declined 7.5% to $61.31 in pre-market trading following second-quarter results.
- T1 Energy Inc (NYSE:TE) fell 7% to $3.46 in pre-market trading after announcing a private placement of convertible notes due 2031.
- Nomura Holdings Inc (NYSE:NMR) declined 6.3% to $9.06 in pre-market trading.
- Qualcomm Inc (NASDAQ:QCOM) fell 5.3% to $147.50 in pre-market trading after the company reported mixed third-quarter financial results and issued fourth-quarter adjusted EPS guidance below estimates.
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