© Reuters. Microsoft, Alphabet, Texas Instruments And Several Other Big Stocks Fall In Today’s Pre-Market Session
US stock futures traded lower this morning. Here are some big stocks that recorded losses in today’s trading session before the market.
- Skechers USA, Inc. (NYSE: SKX ) shares fell 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 fell 8.6% to $3.19 in pre-market trading after gaining 10% on Tuesday.
- DigitalOcean Holdings, Inc. (NYSE: DOCN ) was down 7.3% at $35.50 in pre-market trading. Goldman Sachs (NYSE:) recently maintained DigitalOcean with a Sell rating and lowered the price target from $42 to $34.
- MongoDB, Inc. (NASDAQ: MDB ) was down 6.6% at $187.50 in pre-market trading after gaining about 10% on Tuesday.
- Datadog, Inc. (NASDAQ: DDOG) was down 6.5% at $82.97 in pre-market trading. Canaccord Genuity recently upgraded the stock from Hold to Buy.
- Alphabet (NASDAQ:) Inc. (NASDAQ: GOOG) shares fell 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 declined on a year-over-year basis, bringing total Google Ad revenue to $54.48 billion, up from $53.13 billion last year.
- Microsoft Corporation (NASDAQ: NASDAQ: ) 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) was down 5.7% at $171.40 in pre-market trading after gaining 4% on Tuesday.
- Spotify Technology SA (NYSE: SPOT ) fell 5.2% to $91.99 in pre-market trading following Q3 results.
- Texas Instruments Incorporated (NASDAQ: NASDAQ: ) fell 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 stock rating from Neutral to Buy.
- Vicor Corporation (NASDAQ: VICR ) shares fell 4.1% to $46.61 in pre-market trading after reporting weak Q3 results.
See also: Nasdaq, S&P 500 Futures Lower Following Alphabet, Microsoft Earnings .
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