U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Wednesday.
Shares of Netflix Inc (NASDAQ:NFLX) fell sharply in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter guidance below estimates.
Netflix reported better-than-expected fourth-quarter financial results Tuesday after market close. Netflix said it sees first-quarter revenue of $12.16 billion versus a Street consensus estimate of $12.19 billion, according to data from Benzinga Pro. The company sees first-quarter earnings per share of 76 cents, below a consensus estimate of 81 cents per share.
Netflix shares dipped 5.7% to $82.32 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Erasca Inc (NASDAQ:ERAS) shares dipped 6.2% to $9.20 in pre-market trading after the company announced a $150 million proposed public offering.
- Telix Pharmaceuticals (NASDAQ:TLX) fell 5.8% to $7.28 in pre-market trading. HC Wainwright & Co. analyst Robert Burns reiterated Telix Pharmaceuticals with a Buy and maintained a $20 price target.
- Corvus Pharmaceuticals Inc (NASDAQ:CRVS) declined 5.6% to $20.22 in pre-market trading. Corvus Pharmaceuticals commenced $150 million offering of common shares and pre-funded warrants.
- BIOAGE Labs Inc (NASDAQ:BIOA) fell 5.6% to $20.13 in pre-market trading after the company announced a $75 million stock offering.
- Kraft Heinz Co (NASDAQ:KHC) declined 5.3% to $22.51 in pre-market trading after Berkshire Hathaway filed to sell up to 325 million shares of the company.
- NovaBay Pharmaceuticals Inc (NYSE:NBY) fell 5.2% to $6.16 in pre-market trading. NovaBay Pharmaceuticals shares dipped 56% on Tuesday after the company announced a $100 million ATM equity program.
- Okeanis Eco Tankers Corp (NYSE:ECO) fell 4.8% to $37.00 in pre-market trading.
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