Advance Auto Parts Posts Weak Results, Joins Harrow, Taysha Gene Therapies And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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U.S. stock futures were higher this morning, with the Dow futures gaining more than 50 points on Thursday.

Shares of Advance Auto Parts, Inc. AAP fell sharply in today's pre-market trading after the company reported downbeat quarterly results.

Advance Auto Parts reported a quarterly loss of 4 cents per share, compared to market estimates of 49 cents per share. The company reported quarterly sales of $2.15 billion which missed the analyst consensus estimate of $2.65 billion.

Advance Auto Parts shares dipped 9.6% to $37.00 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

  • Harrow, Inc. HROW declined 25.8% to $38.45 in pre-market trading after the company reported worse-than-expected third-quarter sales results.
  • Ibotta, Inc. IBTA shares fell 22.9% to $57.75 in pre-market trading after the company reported quarterly results.
  • Taysha Gene Therapies, Inc. TSHA fell 10.8% to $1.9700 in pre-market trading following third-quarter results.
  • Super Micro Computer, Inc. SMCI fell 10.1% to $18.27 in today's pre-market trading. Super Micro Computer shares fell 6% on Wednesday after the company announced it was unable to file its quarterly report for the period ending Sept. 30 in a timely manner.
  • Tetra Tech, Inc. TTEK fell 7% to $44.06 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS results.
  • ZEEKR Intelligent Technology Holding Limited ZK fell 6.3% to $27.30 in pre-market trading following third-quarter results.
  • Mercurity Fintech Holding Inc. MFH fell 5.9% to $5.13 in pre-market trading after jumping 61% on Wednesday.

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Got Questions? Ask
Which auto parts companies could gain from AAP's decline?
How might competitors of Advance Auto Parts capitalize on this?
Will investors shift to aftermarket parts due to AAP's results?
What impact on supply chain is seen from AAP's earnings?
Are there short-selling opportunities with AAP's downturn?
How will consumer sentiment affect auto parts stocks?
Which growth stocks are unaffected by AAP's struggles?
Could market sentiment shift towards low-cost alternatives?
What investment strategies work best in the current market?
How could AAP's drop influence mergers and acquisitions in the sector?
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