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O-I Glass Posts Downbeat Results, Joins AMD, Qorvo And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Benzinga ·  Oct 30 08:29

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Wednesday.

Shares of O-I Glass, Inc. (NYSE:OI) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.

O-I Glass reported quarterly losses of 4 cents per share which missed the analyst consensus estimate of 4 cents per share. The company reported quarterly sales of $1.700 which missed the analyst consensus estimate of $1.761 billion.

O-I Glass shares dipped 18.4% to $10.15 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

  • AnaptysBio, Inc. (NASDAQ:ANAB) shares dipped 22.5% to $23.86 in pre-market trading.
  • Qorvo, Inc. (NASDAQ:QRVO) shares fell 18% to $82.40 in pre-market trading after the company reported issued weak guidance for the third quarter.
  • Wingstop Inc. (NASDAQ:WING) dipped 15.7% to $311.00 in pre-market trading following weak quarterly earnings.
  • Criteo S.A. (NASDAQ:CRTO) shares fell 15.1% to $36.21 in pre-market trading following weak quarterly sales.
  • Thryv Holdings, Inc. (NASDAQ:THRY) fell 13.7% to $15.80 in pre-market trading after the company priced its upsized $80 million public offering of 5,715,000 common shares at $14/share.
  • Eli Lilly and Company (NYSE:LLY) declined 10.7% to $806.57 in pre-market trading after the company reported worse-than-expected third-quarter earnings and sales.
  • Advanced Micro Devices, Inc. (NASDAQ:AMD) shares fell 8.6% to $152.00 after the company reported third-quarter financial results.
  • Trump Media & Technology Group Corp. (NASDAQ:DJT) fell 8.4% to $47.17 in pre-market trading after gaining around 9% on Tuesday.

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