Tesla Posts Downbeat Earnings, Joins Community Health Systems, Chipotle Mexican Grill And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Tesla, Inc. reported disappointing second-quarter earnings, with revenue of $22.5 billion, down 12% year-over-year, missing estimates. Shares fell 6.5% to $310.99 in pre-market trading. Other stocks also declined, including Community Health Systems (-21.9%), Helix Energy Solutions (-14.1%), and Chipotle Mexican Grill (-10.6%). U.S. stock futures were mixed, with Dow futures down around 100 points.
U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Thursday.
Shares of Tesla, Inc. TSLA fell sharply in pre-market trading as the company reported weaker-than-expected second-quarter financial results after market close Wednesday.
Tesla reported second-quarter revenue of $22.5 billion, down 12% year-over-year. The revenue missed a Street consensus estimate of $22.8 billion according to data from Benzinga Pro. Tesla's earnings per share were $0.40 in the quarter, missing the Street consensus estimate of $0.42 per share.
Tesla shares dipped 6.5% to $310.99 in the pre-market trading session.
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Here are some other stocks moving lower in pre-market trading.
- Community Health Systems, Inc. CYH dipped 21.9% to $3.03 in pre-market trading after the company posted second-quarter results.
- Helix Energy Solutions Group, Inc. HLX declined 14.1% to $5.97 in pre-market trading as the company posted downbeat second-quarter results and lowered its FY2025 sales guidance.
- Galapagos NV GLPG fell 13.4% to $28.78 in pre-market trading. Galapagos posted a second-quarter loss of $1.45 per share.
- Chipotle Mexican Grill, Inc. CMG fell 10.6% to $47.21 in pre-market trading after the company reported worse-than-expected quarterly sales results.
- STMicroelectronics N.V. STM fell 10.3% to $28.52 in pre-market trading following downbeat quarterly earnings.
- Viking Therapeutics, Inc. VKTX declined 7.4% to $30.93 in pre-market trading after the company reported worse-than-expected quarterly EPS results.
- Krispy Kreme, Inc. DNUT fell 6.3% to $4.0500 in pre-market trading following a 5% gain on Wednesday.
- International Business Machines Corporation IBM fell 5.3% to $267.10 in pre-market trading following quarterly results.
- QuantumScape Corporation QS declined 4.8% to $12.18 in pre-market trading after posting second-quarter results.
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