Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar 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 100 points on Thursday.

Shares of Lamb Weston Holdings, Inc. LW fell sharply in today's pre-market trading as the company posted downbeat quarterly results and lowered FY25 outlook.

Lamb Weston reported quarterly earnings of 66 cents per share which missed the analyst consensus estimate of $1.01 per share. The company reported quarterly sales of $1.600 billion which missed the analyst consensus estimate of $1.674 billion.

Lamb Weston shares dipped 18.6% to $63.50 in the pre-market trading session.

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

• Abacus Life, Inc. ABL shares fell 20.5% to $6.00 in pre-market trading.
• Micron Technology, Inc. MU dipped 15.6% to $87.60 in pre-market trading. Micron posted better-than-expected earnings for its first quarter, while sales missed expectations. The company said it sees second-quarter revenue of $7.9 billion, plus or minus $200 million, versus estimates of $9 billion. The company expects second-quarter adjusted earnings of $1.43 per share, plus or minus 10 cents per share, versus estimates of $1.92 per share.
• Quantum Computing Inc. QUBT shares fell 13.5% to $22.22 in pre-market trading after jumping 53% on Wednesday.
• Lennar Corporation LEN declined 10.5% to $130.57 in pre-market trading as the company reported worse-than-expected financial results for the fourth quarter.
• Akso Health Group AHG declined 9.4% to $1.25 in pre-market trading.
• Design Therapeutics, Inc. DSGN dipped 9.1% to $5.41 in pre-market trading.

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