U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.
Shares of Zscaler Inc (NASDAQ:ZS) fell sharply in today's pre-market trading following first-quarter results.
Zscaler reported first-quarter revenue of $628 million, beating the consensus estimate of $606.19 million. The cybersecurity company reported adjusted earnings of 77 cents per share, beating analyst estimates of 63 cents per share, according to Benzinga Pro.
Zscaler expects fiscal second-quarter revenue to be in the range of $633 million to $635 million versus estimates of $633.84 million. The company anticipates second-quarter adjusted earnings of 68 cents to 69 cents per share versus estimates of 69 cents per share.
Zscaler shares dipped 7.4% to $192.95 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Logistic Properties of the Americas (NYSE:LPA) fell 18.3% to $10.70 in pre-market trading after jumping 77% on Monday.
- First Merchants Corp (NASDAQ:FRME) shares dipped 16.6% to $36.40 in pre-market trading.
- indie Semiconductor, Inc. (NASDAQ:INDI) shares declined 14% to $4.54 in pre-market trading after the company announced plans to offer $175 million in convertible senior notes due 2029.
- United States Steel Corporation (NYSE:X) shares declined 8.4% to $37.50 in pre-market trading.
- Guardian Pharmacy Services, Inc. (NASDAQ:GRDN) shares fell 7.7% to $22.41 in pre-market trading.
- CleanSpark, Inc. (NASDAQ:CLSK) shares declined 7.2% to $13.48 in pre-market trading following fourth-quarter results.
- TransMedics Group, Inc. (NASDAQ:TMDX) dipped 7.2% to $79.03 in pre-market trading after the company issued worse-than-expected FY24 revenue guidance.
- Afya Limited (NASDAQ:AFYA) shares fell 4.5% to $15.85 in pre-market trading.
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