U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.
Shares of Molson Coors Beverage Co (NYSE:TAP) fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter sales results and issued FY26 adjusted EPS guidance below estimates.
Molson Coors reported quarterly earnings of $1.21 per share, which beat the consensus estimate of $1.16, according to data from Benzinga Pro. Quarterly revenue came in at $2.66 billion, which missed the Street consensus estimate of $2.72 billion and was down from $2.74 billion in the same period last year.
Molson Coors Beverage shares dipped 6.2% to $47.68 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Carvana Co (NYSE:CVNA) fell 15.7% to $304.70 in pre-market trading following fourth-quarter results.
- Avis Budget Group Inc (NASDAQ:CAR) shares dipped 12.4% to $108.00 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.
- B2Gold Corp (NYSE:BTG) fell 9.7% to $4.85 in pre-market trading following downbeat quarterly results.
- Cheesecake Factory Inc (NASDAQ:CAKE) declined 6.2% to $60.17 in pre-market trading after the company reported fourth-quarter financial results.
- Rackspace Technology, Inc. (NASDAQ:RXT) tumbled 5.1% to $1.30 in pre-market trading. Rackspace Technology shares jumped 227% on Wednesday after the company announced a collaboration with Palantir Technologies.
- Sibanye Stillwater Ltd (NYSE:SBSW) declined 4.9% to $15.10 in pre-market trading.
- Aegon Ltd (NYSE:AEG) fell 4.7% to $7.43 in pre-market trading.
- DRDGOLD Ltd (NYSE:DRD) fell 4.3% to $32.64 in pre-market trading.
- Wayfair Inc (NYSE:W) fell 3.8% to $88.00 in pre-market trading.
- Brainsway Ltd – ADR (NASDAQ:BWAY) fell 3.8% to $25.05 in pre-market trading after gaining 4% on Wednesday.
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