U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
- Skechers U.S.A., Inc. (NYSE:SKX) shares dipped 13.7% to $31.01 in pre-market trading after the company reported weak earnings and issued guidance below analyst estimates.
- Vacasa, Inc. (NASDAQ:VCSA) shares declined 8.6% to $3.19 in pre-market trading after gaining 10% on Tuesday.
- DigitalOcean Holdings, Inc. (NYSE:DOCN) dropped 7.3% to $35.50 in pre-market trading. Goldman Sachs recently maintained DigitalOcean with a Sell and lowered the price target from $42 to $34.
- MongoDB, Inc. (NASDAQ:MDB) declined 6.6% to $187.50 in pre-market trading after gaining around 10% on Tuesday.
- Datadog, Inc. (NASDAQ:DDOG) dropped 6.5% to $82.97 in pre-market trading. Canaccord Genuity recently upgraded the stock from Hold to Buy.
- Alphabet Inc. (NASDAQ:GOOG) shares dropped 6.2% to $98.38 in pre-market trading after the company reported weaker-than-expected earnings results for its third quarter after the closing bell on Tuesday. YouTube and Network revenue were down on a year-over-year basis, bringing overall Google Ad revenue to $54.48 billion, up from last year’s $53.13 billion.
- Microsoft Corporation (NASDAQ:MSFT) shares fell 6% to $235.60 in pre-market trading. Microsoft posted better-than-expected earnings for its first quarter. Revenue for the Microsoft Cloud segment was $25.7 billion in the first quarter, up 24%% year-over-year.
- Microvast Holdings, Inc. (NASDAQ:MVST) fell 5.8% to $2.29 in pre-market trading. Microvast is expected to report its consolidated financial results for the third quarter of 2022 on Thursday, November 10, 2022.
- Snowflake Inc. (NASDAQ:SNOW) dropped 5.7% to $171.40 in pre-market trading after gaining 4% on Tuesday.
- Spotify Technology S.A. (NYSE:SPOT) declined 5.2% to $91.99 in pre-market trading following Q3 results.
- Texas Instruments Incorporated (NASDAQ:TXN) declined 5% to $154.04 in pre-market trading after the company reported third-quarter financial results and issued weak Q4 sales guidance.
- ServiceNow, Inc. (NYSE:NOW) fell 4.1% to $361.19 in pre-market trading. Analysts at Guggenheim recently upgraded their rating of the stock from Neutral to Buy.
- Vicor Corporation (NASDAQ:VICR) shares fell 4.1% to $46.61 in pre-market trading after reporting weak Q3 results.
Also check this out: Nasdaq, S&P 500 Futures Lower Following Alphabet, Microsoft Earnings .
