Skechers Posts Downbeat Results, Joins e.l.f. Beauty, LiveRamp And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow Jones futures gaining around 0.1% on Friday.

Shares of Skechers U.S.A., Inc. SKX fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter guidance below estimates.

Skechers reported quarterly earnings of 65 cents per share which missed the analyst consensus estimate of 74 cents per share. The company reported quarterly sales of $2.21 billion which missed the analyst consensus estimate of $2.22 billion.

Skechers U.S.A. shares dipped 12.1% to $66.49 in the pre-market trading session.

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

BILL Holdings, Inc. BILL shares fell 28.4% to $68.89 in pre-market trading after the company issued third-quarter total revenue guidance below estimates.
e.l.f. Beauty, Inc. ELF shares tumbled 25.2% to $66.17 in pre-market trading after the company issued FY25 guidance below estimates.
Cyngn Inc. CYN fell 22% to $0.0660 in pre-market trading.
LiveRamp Holdings, Inc. RAMP declined 15.4% to $30.01 in pre-market trading as the company posted third-quarter results.
Concentra Group Holdings Parent, Inc. CON shares dipped 11.7% to $20.51 in pre-market trading. Concentra® Group Holdings Parent will release the financial results for its fourth quarter on Monday, March 3, after the closing bell.
CVRx, Inc. CVRX fell 8.1% to $13.52 in pre-market trading. CVRx recently reported mixed fourth-quarter financial results.
Microchip Technology Incorporated MCHP fell 6.6% to $49.60 in pre-market trading as the company reported weaker-than-expected third-quarter financial results and issued weak earnings guidance for the fourth quarter.
Illumina, Inc. ILMN declined 4.6% to $117.20 in pre-market trading following fourth-quarter results.