Pure Storage Issues Weak Forecast, Joins Frontline, Weibo And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Lisa Levin | November 30, 2023 07:08am

U.S. stock futures traded higher this morning, with the Dow Jones futures gaining more than 150 points on Thursday.

Shares of Pure Storage, Inc. (NYSE:PSTG) shares tumbled in pre-market trading after the company reported worse-than-expected third-quarter revenue results and issued FY24 revenue guidance below estimates.

The company posted quarterly revenue of $762.8 million missing estimates of $763.362 million. The company’s quarterly earnings came in at 50 cents per share, versus estimates of 40 cents per share.

Pure Storage shares dipped 15.7% to $31.95 in pre-market trading.

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

Grupo Televisa, S.A.B. (NYSE:TV) shares declined 9.7% to $2.60 in pre-market trading after gaining more than 8% on Wednesday.
Cushman & Wakefield plc (NYSE:CWK) shares fell 7% to $7.74 in pre-market trading.
Frontline plc (NYSE:FRO) shares fell 6.4% to $19.82 in pre-market trading following downbeat third-quarter earnings.
Weibo Corporation (NASDAQ:WB) declined 5.8% to $10.66 in pre-market trading after the company announced a proposed offering of $300 million convertible senior notes and a proposed offering of ADSs in connection with the Delta Placement of Borrowed ADSs.
Conduit Pharmaceuticals Inc. (NASDAQ:CDT) fell 4.7% to $4.86 in pre-market trading after surging over 72% on Wednesday.
Okta, Inc. (NYSE:OKTA) shares fell 3.6% to $68.20 in pre-market trading. The company recently reported third-quarter financial results and issued FY24 guidance.