U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.
Shares of United Parcel Service, Inc. UPS fell sharply in today's pre-market trading after the company missed fourth-quarter revenue expectations despite beating EPS estimates.
United Parcel Service reported quarterly earnings of $2.75 per share which beat the analyst consensus estimate of $2.53 per share. The company reported quarterly sales of $25.300 billion which missed the analyst consensus estimate of $25.419 billion.
UPS shares dipped 13.7% to $115.50 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Whirlpool Corporation WHR shares dipped 10.5% to $115.96 in pre-market trading after the company reported worse-than-expected fourth-quarter revenue results and issued FY25 guidance below estimates.
- The Cigna Group CI fell 10.4% to $271.74 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and provided FY25 EPS guidance with a low point below estimates.
- ServiceNow, Inc. NOW shares fell 9.6% to $1,033.40 in pre-market trading after the company reported worse-than-expected fourth-quarter revenue results.
- STMicroelectronics N.V. STM dipped 8.1% to $22.74 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS results and issued first-quarter net revenue guidance below estimates.
- Robert Half Inc. RHI fell 5.6% to $65.30 in pre-market trading following fourth-quarter reported financial results.
- Microsoft Corporation MSFT fell 4.2% to $423.72 in pre-market trading. Microsoft reported its second-quarter GAAP earnings of $3.23 per share, beating the $3.11 consensus estimate. Quarterly revenue clocked in at $69.6 billion, beating the $68.78 billion analyst consensus estimate. Revenue in Microsoft’s Intelligent Cloud segment was $25.5 billion and increased 19%.
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