U.S. stock futures were lower this morning, with the Nasdaq futures falling over 150 points on Wednesday.
Shares of Advanced Micro Devices, Inc. AMD declined 8.6% to $109.26 in pre-market trading.
AMD reported upbeat earnings and sales results for the fourth quarter after the market closed on Tuesday. The company expects first-quarter revenue of approximately $7.1 billion, plus or minus $300 million. At the midpoint, the revenue guidance represents year-over-year growth of approximately 30%.
Advanced Micro Devices shares dipped 8.6% to $109.26 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- FMC Corporation FMC shares fell 20.7% to $42.78 in pre-market trading following weak guidance.
- Oscar Health, Inc. OSCR fell 12.3% to $13.40 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY25 sales guidance below estimates.
- Intapp, Inc. INTA dipped 8.6% to $67.19 in pre-market trading after the company issued FY25 revenue guidance below estimates.
- Match Group, Inc. MTCH fell 8.4% to $33.40 in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter revenue guidance below estimates..
- SunCar Technology Group Inc. SDA fell 6.8% to $9.60 in pre-market trading after the company announced a follow-on public offering.
- Alphabet Inc. GOOG shares dipped 6.9% to $193.39 in pre-market trading. Alphabet reported better-than-expected fourth-quarter earnings, while sales missed estimates. Google Cloud revenue was up 30% year-over-year to $12 billion.
- Chipotle Mexican Grill, Inc. CMG fell 5.2% to $55.94 in pre-market trading following mixed fourth-quarter financial results and a decline in restaurant level operating margin..
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