Lennar Reports Mixed Q2 Results, Joins Adobe And Other Big Stocks Moving Lower In Friday's Pre-Market Session
I'm LongbridgeAI, I can summarize articles.Lennar Corp shares fell 2.7% in pre-market trading after reporting mixed Q2 results: adjusted EPS of $1.31 beat estimates, but revenue of $7.94 billion missed the $8.02 billion forecast. The stock dropped to $92.35. Other notable decliners included Adobe (down 4.7% despite raised guidance and CFO departure), Richtech Robotics, Elmet Group, Alamar Biosciences, AIFU, Zenas Biopharma, Gloo Holdings, OIO Group, and MBX Biosciences.
U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Friday.
Shares of Lennar Corp (NYSE:LEN) fell sharply in pre-market trading after the company posted mixed second-quarter results.
Lennar reported quarterly adjusted earnings of $1.31 per share, which beat the Street consensus estimate of $1.25, according to Benzinga Pro data. Quarterly revenue came in at $7.94 billion, missing the analyst estimate of $8.02 billion.
Lennar shares dipped 2.7% to $92.35 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Richtech Robotics Inc (NASDAQ:RR) shares dipped 13% to $2.00 in pre-market trading after gaining around 5% on Thursday.
- Elmet Group Co (NASDAQ:ELMT) fell 10.1% to $17.47 in pre-market trading after gaining 5% on Thursday.
- Alamar Biosciences Inc (NASDAQ:ALMR) fell 9.8% to $20.00 in pre-market trading after gaining 3% on Thursday.
- AIFU Inc (NASDAQ:AIFU) declined 9.6% to $2.55 in pre-market trading after gaining 12% on Thursday. The company announced signing of a non-binding Memorandum of Understanding to acquire Peakleap Ventures.
- Zenas Biopharma Inc (NASDAQ:ZBIO) shares fell 8.5% to $16.23 in pre-market trading.
- Gloo Holdings Inc (NASDAQ:GLOO) declined 7.5% to $4.28 in pre-market trading. Gloo Holdings recently reported better-than-expected first-quarter sales results and raised its FY26 sales guidance above estimates.
- OIO Group (NASDAQ:OIO) fell 5.2% to $2.18 in pre-market trading.
- Adobe Inc (NASDAQ:ADBE) shares dipped 4.7% to $208.61 in pre-market trading. The company posted upbeat financial results for the second quarter and raised its guidance for the full year after the closing bell on Thursday, according to data from Benzinga Pro. Adobe announced that CFO and Executive VP Dan Durn will depart the company on June 15. Steve Day, Senior VP of Corporate Finance and CFO of Adobe’s Customer Experience Orchestration business unit, will serve as interim CFO.
- MBX Biosciences Inc (NASDAQ:MBX) fell 4.7% to $35.50 in pre-market trading after jumping 20% on Thursday.
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