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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. 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 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 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. 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. 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 NWG shares declined 8.4% to $5.24 in pre-market trading after the company posted downbeat Q3 profit.
- First Solar, Inc. 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 ATHM fell 7% to $26.16 in pre-market trading.
- Monolithic Power Systems, Inc. MPWR fell 6.8% to $306.97 in pre-market trading after the company issued Q4 sales guidance below analyst estimates.
- Bilibili Inc. 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 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 .
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Image and article originally from www.benzinga.com. Read the original article here.