Oddity Tech Posts Q4 Results, Joins Ross Stores And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Author: Avi Kapoor | March 06, 2024 06:00am

U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 100 points on Wednesday.

Shares of Oddity Tech Ltd. (NASDAQ:ODD) fell sharply in today’s pre-market trading after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 EPS guidance below estimates.

ODDITY Tech posted earnings of 8 cents per share, missing market estimates of 12 cents per share. The company’s quarterly sales came in at $97.25 million versus expectations of $86.38 million, according to data from Benzinga Pro.

Oddity Tech shares tumbled 10.4% to $41.10 in pre-market trading.

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

Entravision Communications Corporation (NYSE:EVC) shares tumbled 50.1% to $1.78 in pre-market trading after the company received communication from Meta indicating its intention to wind down its ASP program globally, ending its relationship with all ASPs, including Entravision, by July 1. The ASP program represented a large portion of Entravision's total consolidated revenue.
Grifols, S.A. (NASDAQ:GRFS) dipped 10.4% to $5.53 in pre-market trading after declining around 7% on Tuesday.
SOPHiA GENETICS SA (NASDAQ:SOPH) shares fell 6.4% to $5.24 in pre-market trading. Sophia Genetics recently reported worse than expected fourth-quarter earnings and issued 2024 guidance.
Golden Ocean Group Limited (NASDAQ:GOGL) declined 4.4% to $12.69 in pre-market trading. Golden Ocean Group recently reported better-than-expected fourth-quarter financial results.
Benchmark Electronics, Inc. (NYSE:BHE) shares slipped 4.2% to $29.35 in pre-market trading.
Digital World Acquisition Corp. (NASDAQ:DWAC) shares fell 4.1% to $44.60 in pre-market trading.
Ross Stores, Inc. (NASDAQ:ROST) shares fell 1.8% to $146.50 in pre-market trading following fourth-quarter results.