U.S. stock futures were higher this morning, with the Dow futures gaining over 200 points on Tuesday.
Shares of New Oriental Education & Technology Group Inc. EDU fell sharply in today's pre-market trading after the company announced weak quarterly earnings.
The company reported quarterly adjusted earnings of 22 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $1.04 billion which beat the analyst consensus estimate of $1.03 billion.
New Oriental Education & Technology Group shares dipped 16.2% to $50.98 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- TechTarget, Inc. TTGT shares tumbled 19.5% to $14.00 in pre-market trading.
- Baird Medical Investment Holdings Limited BDMD fell 18.2% to $7.24 in today's pre-market trading after jumping 63% on Friday.
- Ranpak Holdings Corp. PACK shares dipped 18.2% to $5.21 in pre-market trading.
- Rayonier Advanced Materials Inc. RYAM declined 17.1% to $6.24 in pre-market trading
- SWK Holdings Corporation SWKH dipped 14.3% to $14.00 in pre-market trading.
- Walgreens Boots Alliance, Inc. WBA fell 6.8% to $11.66 in pre-market trading following a report suggesting that the U.S. Justice Department filed a lawsuit against the company.
- Contineum Therapeutics, Inc. CTNM fell 6.8% to $11.60 in pre-market trading.
- Tile Shop Holdings, Inc. TTSH fell 3.6% to $6.78 in pre-market trading.
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