TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Several major stocks, including TransMedics Group, CVR Energy, Xerox, Harmonic, Amkor Technology, Janus International, Crocs, Daqo New Energy, D.R. Horton, and Check Point Software, experienced significant declines in pre-market trading due to weak quarterly results and other financial disappointments.
October 29, 2024 | 12:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Amkor Technology shares declined 11% after mixed Q3 financial results.
Amkor's mixed financial results for Q3 have led to a decline in its stock price as investors react to the uncertainty.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Check Point Software shares fell 6% following weak quarterly sales.
The weak sales figures have negatively impacted Check Point Software's stock price.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Crocs shares fell 10.3% following third-quarter results.
The market's reaction to Crocs' Q3 results has been negative, resulting in a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
CVR Energy shares dropped 25.8% after weak quarterly results and the announcement of no cash dividend for Q3.
The combination of weak earnings and the decision to not pay a dividend has led to a sharp decline in CVR Energy's stock price.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
D.R. Horton shares fell 8% after reporting worse-than-expected Q4 EPS and sales.
The company's poor Q4 financial performance has led to a decline in its stock price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Daqo New Energy shares dipped 10.1% after gaining 14% on Monday.
The decline in Daqo's stock price may be a correction following a significant gain the previous day.
CONFIDENCE 100
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Harmonic shares fell 15.8% after reporting third-quarter results.
The market reacted negatively to Harmonic's Q3 results, leading to a significant decline in its stock price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Janus International shares fell 10.3% after posting downbeat Q3 results and lowering its sales forecast.
The company's disappointing Q3 results and reduced sales forecast have negatively impacted its stock price.
CONFIDENCE 100
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
TransMedics Group shares fell 25.8% in pre-market trading after reporting earnings and sales that missed analyst estimates.
TransMedics reported earnings and sales below expectations, leading to a significant drop in share price. This indicates a negative market reaction to the company's financial performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Xerox shares fell 16.4% after reporting worse-than-expected Q3 results and cutting its annual outlook.
Xerox's poor quarterly performance and reduced outlook have negatively impacted investor sentiment, causing a significant drop in share price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100