U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
- Amazon.com, Inc. (NASDAQ:AMZN) shares tumbled 13.6% to $95.88 in pre-market trading. Amazon.com reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.
- Zai Lab Limited (NASDAQ:ZLAB) dropped 12.5% to $22.50 in pre-market trading. Zai Lab is expected to announce Q3 financial results on November 9, 2022.
- Edwards Lifesciences Corporation (NYSE:EW) shares declined 10% to $77.69 in pre-market trading after the company reported worse-than-expected Q3 EPS and sales results. The company also lowered its FY22 EPS guidance below analyst estimates.
- XPeng Inc. (NYSE:XPEV) dipped 9.2% to $6.68 in pre-market trading after dropping 10% on Thursday. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
- Li Auto Inc. (NASDAQ:LI) dropped 8.6% to $13.69 in pre-market trading after declining 8% on Thursday. Cities in China ranging from Wuhan in central China to Xining in the north-west are doubling down on COVID-19 curbs, reported Reuters.
- NatWest Group plc (NYSE:NWG) shares declined 8.4% to $5.24 in pre-market trading after the company posted downbeat Q3 profit.
- First Solar, Inc. (NASDAQ:FSLR) shares fell 7.6% to $121.25 in pre-market trading after the company reported worse-than-expected Q3 EPS and sales results. The company also cut its FY22 gross profit guidance.
- Autohome Inc (NASDAQ:ATHM) fell 7% to $26.16 in pre-market trading.
- Monolithic Power Systems, Inc. (NASDAQ:MPWR) fell 6.8% to $306.97 in pre-market trading after the company issued Q4 sales guidance below analyst estimates.
- Bilibili Inc. (NASDAQ:BILI) dropped 6.6% to $8.89 in pre-market trading. Citigroup downgraded Bilibili from Buy to Neutral and lowered the price target from $38 to $12.
- L3Harris Technologies, Inc (NYSE:LHX) declined 5.9% to $238.00 in pre-market trading after the company reported worse-than-expected Q3 EPS and sales results. The company also issued FY22 EPS and sales guidance below analyst estimates. Raymond James downgraded L3Harris Technologies from Outperform to Market Perform.
Also check this out: US Stock Futures Down Ahead Of Economic Reports; Apple Tops Q4 Estimates .
