Market Overview
U.S. stock futures inched up today, Nasdaq futures showing a modest 0.1% rise on Wednesday.
SMART Global’s Performance
Shares of SMART Global Holdings Inc. (SGH) took a sharp dive in pre-market trading upon the release of the company’s second-quarter results.
SMART Global secured earnings of 30 cents per share for the third quarter, with a +/-15 cents deviation from the estimated 28 cents. The company predicts third-quarter revenue to hit $300 million, with a possible deviation of +/- $25 million, contrasting the projected $307.864 million according to Benzinga Pro data.
In response to the news, SMART Global shares fell by 7.4% to $24.00 in pre-market trading.
Stocks Declining in Pre-Market Trading
Here are some other notable stocks experiencing losses in today’s pre-market session:
- DocGo Inc. (DCGO) recorded a 9.4% dip to $3.4894.
- DigiAsia Corp. (FAAS) witnessed a 6.9% drop to $6.85 following a 6% decrease on Tuesday.
- Health Catalyst, Inc. (HCAT) saw a 4.1% decline to $6.41 with an analyst downgrade.
- Nano Dimension Ltd. (NNDM) observed a 3.6% decline to $2.71 post announcement of Q1/2024 preliminary results.
- Sunnova Energy International Inc. (NOVA) faced a 2.6% decrease to $5.26, post an 18% surge on Tuesday.
- Nordstrom, Inc. (JWN) witnessed a 2.2% slide to $18.95.
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Don’t forget to check out our premarket coverage here.
