Ford Posts Downbeat Earnings, Joins MaxLinear, STMicroelectronics And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Ford, Edwards Lifesciences, MaxLinear, STMicroelectronics, Teradyne, QuantumScape, Stellantis, Honeywell, and Warner Bros. Discovery saw significant pre-market declines following disappointing earnings and guidance. Ford missed EPS estimates despite revenue growth, while others like Edwards Lifesciences and MaxLinear also reported worse-than-expected results.
July 25, 2024 | 1:12 pm
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NEGATIVE IMPACT
Edwards Lifesciences shares tumbled 22% pre-market after reporting worse-than-expected Q2 sales and issuing weak Q3 guidance.
The company's poor sales results and weak guidance led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Ford shares fell 13% in pre-market trading after missing EPS estimates despite a revenue beat.
Ford's significant EPS miss overshadowed its revenue beat, leading to a sharp decline in pre-market trading.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Honeywell shares declined 4.6% pre-market after lowering FY24 EPS guidance.
The company's lowered EPS guidance for FY24 led to a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 55
RELEVANCE 100
NEGATIVE IMPACT
MaxLinear shares declined 18.1% pre-market after reporting worse-than-expected Q2 financial results.
The company's poor financial performance in Q2 led to a significant decline in its stock price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QuantumScape shares fell 8.2% pre-market after reporting worse-than-expected EPS results.
The company's poor EPS results led to a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Stellantis shares fell 7.8% pre-market following H1 results.
The company's H1 results led to a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
STMicroelectronics shares fell 12.4% pre-market after missing Q2 EPS estimates and issuing soft Q3 guidance.
The company's EPS miss and weak guidance for Q3 led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Teradyne shares dipped 8.7% pre-market following soft Q3 guidance.
The company's weak guidance for Q3 led to a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Warner Bros. Discovery shares fell 3% pre-market.
The company's stock price declined in pre-market trading.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 100