Concentrix Reports Weak Earnings, Joins CarMax And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | September 26, 2024 07:13am

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Shares of Concentrix Corporation (NASDAQ:CNXC) fell sharply in today's pre-market trading following mixed third-quarter financial results.

Concentrix reported quarterly earnings of $2.87 per share, which missed the analyst consensus estimate of $2.93 per share. Quarterly revenue came in at $2.387 billion, which beat the analyst consensus estimate of $2.382 billion.

Concentrix shares dipped 13.8% to $54.79 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

One Liberty Properties, Inc. (NYSE:OLP) shares dipped 26.3% to $20.02 in pre-market trading.
Pagaya Technologies Ltd. (NASDAQ:PGY) shares fell 15% to $10.59 in pre-market trading after the company announced its intention to offer $125 million of exchangeable senior notes due 2029 in a private offering.
Critical Metals Corp (NASDAQ:CRML) shares declined 8.3% to $6.00 in pre-market trading after dipping over 8% on Wednesday.
CarMax, Inc. (NYSE:KMX) shares declined 7.3% to $69.02 in pre-market trading following downbeat quarterly earnings.
Armada Hoffler Properties, Inc. (NYSE:AHH) declined 7.3% to $11.00 in pre-market trading. Armada Hoffler announced upsizing and pricing of public offering of common stock.
Sonos, Inc. (NASDAQ:SONO) shares fell 6% to $11.86 in pre-market trading.