Sonoco Products Posts Downbeat Q1 Results, Joins Target Hospitality, Calix And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Artiva Biotherapeutics, Inc. ARTV | 0.00 | |
Calix, Inc. CALX | 0.00 | |
Community Health Systems, Inc. CYH | 0.00 | |
Sonoco Products Company SON | 0.00 | |
TE Connectivity plc TEL | 0.00 |
U.S. stock futures were higher this morning, with the Dow futures gaining around 250 points on Wednesday.
Shares of Sonoco Products Co (NYSE:SON) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results.
Sonoco reported quarterly earnings of $1.20 per share which missed the analyst consensus estimate of $1.21 per share. The company reported quarterly sales of $1.676 billion which missed the analyst consensus estimate of $1.713 billion.
Sonoco Products shares dipped 5.7% to $53.55 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Target Hospitality Corp. (NASDAQ:TH) dipped 10.3% to $14.26 in pre-market trading after the company announced a secondary offering of 7,000,000 shares.
- Community Health Systems Inc (NYSE:CYH) fell 8.1% to $2.85 in pre-market trading after the company reported mixed first-quarter financial results.
- Calix, Inc. (NASDAQ:CALX) fell 7.3% to $46.05 in pre-market trading after posting first-quarter results.
- TE Connectivity PLC (NYSE:TEL) dipped 5.8% to $228.88 in pre-market trading following second-quarter results.
- Valneva SE (NASDAQ:VALN) fell 4% to $5.70 in pre-market trading.
- Vertiv Holdings Co (NYSE:VRT) shares slipped 4% to $300.00 in pre-market trading following quarterly results.
- Artiva Biotherapeutics Inc (NASDAQ:ARTV) shares declined 3.8% to $12.06 in pre-market trading.
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