PayPal Reports Q4 Results, Joins Rapid7, GoPro And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Author: Avi Kapoor | February 08, 2024 05:49am

U.S. stock futures were mixed this morning, with the Dow futures trading lower by around 10 points on Thursday.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell sharply in today’s pre-market trading after the company posted quarterly results.

PayPal reported upbeat earnings and sales results for its fourth quarter on Wednesday. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share. Current analyst estimates are calling for full-year earnings of $5.48 per share, per Benzinga Pro.

PayPal shares dipped 8.3% to $57.91 in pre-market trading.

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

Digital Turbine, Inc. (NASDAQ:APPS) shares fell 14.6% to $4.30 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
Axcelis Technologies, Inc. (NASDAQ:ACLS) shares tumbled 9.5% to $118.99 in pre-market trading after the company reported fourth-quarter financial results.
Rapid7, Inc. (NASDAQ:RPD) shares declined 7.8% to $52.55 in pre-market trading after the company reported fourth-quarter financial results.
GoPro, Inc. (NASDAQ:GPRO) shares fell 7.6% to $2.68 in pre-market trading following weak sales for the fourth quarter.
Nyxoah S.A. (NASDAQ:NYXH) shares declined 7.4% to $10.67 in pre-market trading.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares fell 7.2% to $12.30 in pre-market trading after gaining over 6% on Wednesday.
Sana Biotechnology, Inc. (NASDAQ:SANA) shares declined 5.7% to $5.75 in pre-market trading after reporting pricing of upsized public offering.