Vipshop, Gorilla Technology Group And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
I'm LongbridgeAI, I can summarize articles.U.S. stock futures rose, with Nasdaq 100 gaining over 200 points. However, several major stocks declined in pre-market trading. Vipshop shares fell 4.9% after Q2 earnings of 12 cents per share missed estimates, despite sales beating forecasts. Other decliners included Aclaris Therapeutics (-12.7%), Gorilla Technology Group (-10.6%), Liberty Global (-10.4%), ZKH Group (-9.6%), Phoenix Asia Holdings (-4.6%), Omnicom Group (-4.4%), and Grand Canyon Education (-3.5%).
U.S. stock futures were higher this morning, with the Nasdaq 100 futures gaining over 200 points on Tuesday.
Shares of Vipshop Holdings Ltd – ADR (NYSE:VIPS) fell sharply in pre-market trading following second-quarter earnings.
Vipshop reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $3.641 billion which beat the analyst consensus estimate of $3.620 billion.
Vipshop shares dipped 4.9% to $13.62 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Aclaris Therapeutics Inc (NASDAQ:ACRS) shares dipped 12.7% to $5.51 in pre-market trading. Aclaris Therapeutics recently posted upbeat quarterly results.
- Gorilla Technology Group Inc (NASDAQ:GRRR) fell 10.6% to $14.15 in pre-market trading following H1 results.
- Liberty Global Ltd (NASDAQ:LBTYB) shares declined 10.4% to $12.24 in pre-market trading after gaining 5% on Monday.
- ZKH Group Ltd (NYSE:ZKH) fell 9.6% to $2.74 in pre-market trading after gaining over 4% on Monday. ZKH Group, last week, posted second-quarter adjusted earnings of 4 cents per share.
- Phoenix Asia Holdings Ltd (NASDAQ:PHOE) fell 4.6% to $20.00 in pre-market trading after declining around 8% on Monday.
- Omnicom Group Inc (NYSE:OMC) declined 4.4% to $85.01 in pre-market trading.
- Grand Canyon Education Inc (NASDAQ:LOPE) fell 3.5% to $142.50 in pre-market trading.
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