Park Aerospace, Aehr Test Systems And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Author: Lisa Levin | October 06, 2023 05:51am

U.S. stock futures traded higher this morning on Friday. Here are some big stocks recording losses in today’s pre-market trading session.

Park Aerospace Corp (NYSE:PKE) shares tumbled 12.8% to $13.78 in pre-market trading following quarterly results. Park Aerospace reported earnings of $0.09 per share for the 2024 fiscal year second quarter, compared to $0.09 per share for the year-ago period. Its sales fell to $12.48 million from $13.88 million in the year-ago quarter.
Aehr Test Systems (NASDAQ:AEHR) shares dipped 12.3% to $38.77 in pre-market trading. Aehr Test posted upbeat earnings and sales results for its first quarter. The company also reiterated its previously issued guidance for FY24.
Koninklijke Philips N.V. (NYSE:PHG) shares declined 8% to $18.13 in pre-market trading after the US Food and Drug Administration requested more tests on its sleep apnea devices.
LG Display Co., Ltd. (NYSE:LPL) shares declined 3.3% to $4.40 in pre-market trading after falling 2% on Thursday.
Frontline plc (NYSE:FRO) shares fell 3.1% to $18.12 in pre-market. Euronav NV (NYSE:EURN) confirmed that the second shareholder, Compagnie Maritime Belge (CMB), offered to acquire Frontline’s 26.12% stake in the company for $18.43 per share, which a mandatory public offer at the same price will follow.
Levi Strauss & Co (NYSE:LEVI) shares declined 1.9% to $12.96 in pre-market trading. Levi Strauss reported better-than-expected earnings for its third quarter, while sales missed estimates.