Enphase Energy Posts Downbeat Results, Joins McDonald's, Seagate And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling around 200 points on Wednesday.

Shares of Enphase Energy, Inc. ENPH fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results.

Enphase Energy reported third-quarter revenue of $380.9 million, missing the consensus estimate of $391.979 million. The solar company reported adjusted earnings of 65 cents per share, missing analyst estimates of 77 cents per share, according to Benzinga Pro.

Enphase Energy shares tumbled 15.2% to $78.21 in pre-market trading.

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

• Alto Neuroscience, Inc. ANRO shares dipped 61.4% to $5.59 in pre-market trading after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.
• Vertiv Holdings Co VRT shares fell 8.5% to $102.90 in pre-market trading following third-quarter results.
• McDonald’s Corporation MCD shares fell 7.2% to $292.20 following CDC reports of an E. coli outbreak linked to quarter pounders.
• Seagate Technology Holdings plc STX fell 6.8% to $105.00 in pre-market trading following first-quarter results.
• New Oriental Education & Technology Group Inc. EDU shares fell 6.2% to $62.99 in pre-market trading following first-quarter results.
• Hilton Worldwide Holdings Inc. HLT shares fell 3.6% to $229.55 in pre-market trading after the company reported mixed third-quarter financial results and lowered FY24 GAAP EPS outlook.

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