U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Friday.
Shares of United States Steel Corporation (NYSE:X) fell sharply in today's pre-market trading after the company issued fourth-quarter adjusted EPS guidance below analyst estimates.
After the market close on Thursday, U.S. Steel said it expects to report a fourth-quarter adjusted loss of 25 cents to 29 cents per share. Fourth-quarter adjusted EBITDA is expected to come in around $150 million.
U.S. Steel shares dipped 6.5% to $29.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
- Novo Nordisk A/S (NYSE:NVO) fell 25.8% to $76.80 in pre-market trading. Novo Nordisk said CagriSema demonstrated weight loss in adults with obesity or overweight in the REDEFINE 1 trial.
- Innovative Industrial Properties, Inc. (NYSE:IIPR) dipped 19.1% to $77.10 in pre-market trading after the company reported a default by Pharmacann on its obligations to pay rent for six of its eleven leases in December.
- Mesoblast Limited (NASDAQ:MESO) shares fell 18.1% to $13.72 in pre-market trading. Mesoblast shares jumped over 36% on Thursday after the company announced the FDA approved Ryoncilas the first mesenchymal stromal cell therapy in the United States.
- Quantum Computing Inc. (NASDAQ:QUBT) fell 11.1% to $13.46 in pre-market trading after declining 41% on Thursday.
- Arqit Quantum Inc. (NASDAQ:ARQQ) declined 7.2% to $24.98 in pre-market trading.
- Transportadora de Gas del Sur S.A. (NYSE:TGS) fell 5.4% to $26.01 in pre-market trading.
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