Beauty Health Reports Downbeat Results, Joins Harrow, Fisker And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
The Beauty Health Company (SKIN) reported Q3 losses of $0.56 per share, significantly missing the expected $0.09 earnings, and sales of $97.40 million, below the $116.30 million estimate. The company also suspended its 2025 forecast, causing shares to plummet 51.7% in pre-market trading. Other stocks experiencing pre-market losses include Harrow, Inc. (HROW), Fisker Inc. (FSR), Runway Growth Finance Corp. (RWAY), Lufax Holding Ltd (LU), Canopy Growth Corporation (CGC), and The GEO Group, Inc. (GEO), all reporting disappointing results or financial activities.
November 14, 2023 | 10:34 am
News sentiment analysis
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NEGATIVE IMPACT
Canopy Growth Corporation shares fell 4.5% in pre-market trading.
The pre-market decline suggests a bearish sentiment among investors, likely affecting the stock price negatively in the short term.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
NEGATIVE IMPACT
Fisker Inc. shares fell 13.4% in pre-market trading following third-quarter results.
The negative reaction to the third-quarter results suggests a bearish outlook for the stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
The GEO Group, Inc. shares fell 3.2% to $9.00 in pre-market trading.
The pre-market drop indicates a potential negative short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Harrow, Inc. shares dropped 24.6% in pre-market trading due to disappointing third-quarter financial results and a lowered revenue guidance.
Poor financial performance and reduced revenue outlook are likely to have a negative impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Lufax Holding Ltd shares declined 5.8% in pre-market trading following third-quarter results.
The pre-market decline following the Q3 results indicates a negative short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Runway Growth Finance Corp. shares declined 6.5% in pre-market trading after pricing a secondary offering at $12.56 per share.
The pricing of the secondary offering below the current market price is likely to exert downward pressure on the stock in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
The Beauty Health Company reported significant Q3 losses and missed sales estimates, leading to a 51.7% drop in pre-market trading.
The substantial earnings miss and suspension of the long-term forecast are critical factors likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100