Ouster Reports Weak Sales, Joins Brinker International And Other Big Stocks Moving Lower In Wednesday Pre-Market Session
Portfolio Pulse from Avi Kapoor
Ouster, Inc. (NYSE:OUST) reported weak second-quarter sales and issued disappointing third-quarter revenue guidance, leading to a 16.9% drop in pre-market trading. Brinker International, Inc. (NYSE:EAT) also saw a 15.7% decline after reporting worse-than-expected fourth-quarter adjusted EPS and issuing weak FY25 guidance. Other companies like Acelyrin, Inc. (NASDAQ:SLRN), CI&T Inc. (NASDAQ:CINT), iLearningEngines, Inc. (NASDAQ:AILE), CompoSecure, Inc. (NASDAQ:CMPO), and NetEase, Inc. (NASDAQ:NTES) also experienced pre-market losses.
August 14, 2024 | 12:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
iLearningEngines, Inc. shares declined 7.5% to $3.71 in pre-market trading after a 31% jump on Tuesday.
The decline following a significant surge indicates profit-taking by investors, leading to a short-term negative impact on the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
CI&T Inc. shares fell 10% in pre-market trading after gaining over 6% on Tuesday.
The sharp decline following a significant gain suggests profit-taking by investors, leading to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
CompoSecure, Inc. shares fell 5.6% in pre-market trading despite reporting better-than-expected second-quarter financial results last week.
The decline despite strong financial results suggests other market factors or profit-taking are influencing the stock price negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Brinker International, Inc. reported worse-than-expected fourth-quarter adjusted EPS and issued FY25 adjusted EPS guidance below estimates, causing a 15.7% drop in pre-market trading.
The disappointing earnings report and weak future guidance are likely to result in a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
NetEase, Inc. shares declined 2.9% to $86.99 in pre-market trading.
The decline in pre-market trading suggests a general negative sentiment or market conditions affecting the stock price in the short term.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 100
NEGATIVE IMPACT
Ouster, Inc. reported weak second-quarter sales and issued disappointing third-quarter revenue guidance, leading to a 16.9% drop in pre-market trading.
The significant miss in sales and weak guidance are likely to negatively impact investor sentiment, leading to a sharp decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Acelyrin, Inc. reported worse-than-expected second-quarter EPS results, leading to an 11.3% drop in pre-market trading.
The miss in EPS results is likely to negatively affect investor sentiment, causing a decline in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100