Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Wednesday.

Shares of Airbnb, Inc. ABNB dipped 15.8% to $109.68 after the company reported worse-than-expected second-quarter EPS results and issued third-quarter revenue guidance below estimates.

Airbnb's second-quarter sales of $2.748 billion exceeded the analyst consensus estimate of $2.738 billion, marking a 10.63% increase from the same period last year. However, the company's quarterly GAAP earnings of 86 cents per share fell short of the analyst consensus estimate of 92 cents, missing the mark by 6.52%.

ZoomInfo Technologies shares dipped 15.2% to $8.31 in pre-market trading.

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

• Emergent BioSolutions Inc. EBS shares dipped 36.2% to $6.27 in pre-market trading after posting a loss for the second quarter.
• Nevro Corp. NVRO shares declined 31.1% to $5.99 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
• National Vision Holdings, Inc. EYE dipped 24.8% to $10.50 in pre-market trading following weak quarterly sales.
• Cryoport, Inc. CYRX shares slipped 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.
• The RealReal, Inc. REAL dipped 19.4% to $2.50 in pre-market trading following second-quarter results.
• Trex Company, Inc. TREX fell 16.7% to $63.75 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
• ACADIA Pharmaceuticals Inc. ACAD dipped 16.7% to $15.70 following second-quarter results.
• Progyny, Inc. PGNY fell 16.5% to $21.48 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.
• Tripadvisor, Inc. TRIP fell 15.4% to $13.80 in pre-market trading after the company reported worse-than-expected second-quarter sales results.
• Lyft, Inc. LYFT shares declined 14.2% to $9.41 following second-quarter financial results.
• Rivian Automotive, Inc. RIVN dipped 8.1% to $13.60 after the company reported worse-than-expected quarterly adjusted EPS results.
• Ashland Inc. ASH dipped 6.2% to $84.78 following weak quarterly sales.
• Expedia Group, Inc. EXPE fell 3.8% to $113.05.

Now Read This:

• Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month