Concentrix Reports Downbeat Q2 Earnings, Joins Nuvectis Pharma, Vishay Intertechnology And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.Concentrix Corp shares plummeted 24% in pre-market trading after reporting Q2 earnings of $2.63 per share, missing estimates, and lowering FY26 guidance. The stock closed at $19.19. Other notable decliners included Nuvectis Pharma (-24.5%) following a $100M public offering, Universe Pharmaceuticals (-22.8%), Mama’s Creations (-11%), Vishay Intertechnology (-8.4%), and Digital Realty Trust (-5.4%). Despite these drops, U.S. stock futures rose, with Dow futures gaining over 100 points.
U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Tuesday.
Shares of Concentrix Corp (NASDAQ:CNXC) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY26 guidance below estimates.
Concentrix reported quarterly earnings of $2.63 per share, which missed the analyst consensus estimate of $2.64, according to Benzinga Pro data. Quarterly revenue came in at $2.46 billion, which missed the consensus estimate of $2.47 billion by 0.44%.
Concentrix shares dipped 24% to $19.19 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Nuvectis Pharma Inc (NASDAQ:NVCT) fell 24.5% to $21.50 in pre-market trading after the company announced pricing of $100 million public offering of common stock.
- Universe Pharmaceuticals Inc (NASDAQ:UPC) fell 22.8% to $9.39 in pre-market trading. Universe Pharmaceuticals shares jumped 311% on Monday after the company announced it will acquire Best Praise International for $10.75 million.
- Mama’s Creations Inc (NASDAQ:MAMA) fell 11% to $18.39 in pre-market trading as the company announced pricing of $100 million public offering of common stock.
- Vishay Intertechnology Inc (NYSE:VSH) fell 8.4% to $51.57 in pre-market trading as the company announced pricing of public offering of common stock.
- Century Therapeutics Inc (NASDAQ:IPSC) shares declined 6.2% to $2.26 in pre-market trading after gaining around 4% on Monday.
- Logitech International SA (NASDAQ:LOGI) fell 5.7% to $93.00 in pre-market trading. Logitech G announced that it is the Official PC Peripheral Partner for Call of Duty: Modern Warfare 4.
- Adlai Nortye Ltd (NASDAQ:ANL) declined 5.4% to $10.80 in pre-market trading after surging 14% on Monday.
- Digital Realty Trust Inc (NYSE:DLR) fell 5.4% to $180.33 in pre-market trading as the company priced secondary offering of common stock by Blackstone.
- American Bitcoin Corp (NASDAQ:ABTC) dipped 4.8% to $0.68 in pre-market trading.
- LG Display Co Ltd (NYSE:LPL) fell 4% to $3.81 in pre-market trading after gaining 3% on Monday.
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