Etsy Reports Downbeat Earnings, Joins Fastly, DoorDash And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining over 150 points on Thursday.

Shares of Etsy, Inc. ETSY fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results.

Etsy reported first-quarter revenue of $645.954 million, which missed the consensus estimate of $646.33 million, according to Benzinga Pro. The company reported quarterly earnings of 48 cents per share, which missed estimates of 49 cents per share.

Etsy shares tumbled 13.2% to $60.45 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

• Fastly, Inc. FSLY shares dipped 31.8% to $8.82 in pre-market trading after the company reported first-quarter financial results. The company said it expects second-quarter revenue in a range of $130 million and $134 million, versus the $140.16 million analyst estimate.
• Freshworks Inc. FRSH shares tumbled 28.6% to $13.02 in pre-market trading after the company reported first-quarter financial results and announced a CEO transition. Baird analyst Rob Oliver downgraded Freshworks from Outperform to Neutral and lowered the price target from $28 to $16.
• Remitly Global Inc RELY shares declined 16.7% to $14.58 in pre-market trading after the company reported mixed first-quarter financial results.
• DoorDash, Inc. DASH dipped 12.5% to $111.50 pre-market trading after the company reported mixed first-quarter financial results.
• CytomX Therapeutics, Inc. CTMX shares fell 12.7% to $4.48 after jumping 215% on Wednesday.
• Wolfspeed Inc WOLF shares declined 11.3% to $23.15 in pre-market trading following weak quarterly sales.
• Qorvo, Inc. QRVO shares dipped 10.6% to $100.00 in pre-market trading following weak first-quarter guidance.
• Paycom Software Inc PAYC shares fell 9.3% to $169.00 in pre-market trading following weak second-quarter guidance.
• Hudson Technologies, Inc. HDSN shares fell 8.2% to $9.00 in pre-market trading following first-quarter results.
• Appian Corp APPN shares declined 7.4% to $34.00 in pre-market trading after the company reported worse-than-expected first-quarter earnings and updated FY24 outlook.
• Zillow Group, Inc. Z shares declined 6.5% to $39.19 pre-market trading after the company reported its first-quarter financial results.
• Schrodinger Inc SDGR shares declined 5.8% to $23.80 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
• Prudential Financial Inc PRU shares fell 5.4% to $106.29 in pre-market trading following downbeat earnings.
• eBay Inc EBAY shares fell 3.4% to $49.35 in pre-market trading after the company reported first-quarter financial results.

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