Flywire Reports Q1 Loss, Joins ZoomInfo, Inspire Medical Systems And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Author: Avi Kapoor | May 08, 2024 06:05am

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 20 points on Wednesday.

Shares of Flywire Corporation (NASDAQ:FLYW) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter EPS results and issued second-quarter revenue guidance below estimates.

Flywire posted a quarterly loss of 5 cents per share, compared to market expectations for a loss of 2 cents per share. The company's quarterly sales came in at $114.10 million versus estimates of $109.90 million, according to data from Benzinga Pro.

Flywire shares dipped 14.1% to $17.65 in pre-market trading.

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

Treace Medical Concepts, Inc. (NASDAQ:TMCI) shares dipped 53.7% to $5.15 in pre-market trading after the company reported first-quarter financial results and issued FY24 revenue guidance below estimates.
DoubleVerify Holdings, Inc. (NYSE:DV) shares tumbled 39.4% to $18.50 in pre-market trading after the company reported first-quarter financial results.
ZoomInfo Technologies Inc. (NASDAQ:ZI) shares declined 21.1% to $12.65 in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
Inspire Medical Systems, Inc. (NYSE:INSP) shares dipped 17.5% to $202.75 pre-market trading following first-quarter results.
Shoals Technologies Group, Inc (NASDAQ:SHLS) shares tumbled 15.8% to $7.41 in pre-market trading after the company reported worse-than-expected first-quarter sales results.
Upstart Holdings, Inc. (NASDAQ:UPST) shares dipped 13.5% to $21.14 in pre-market trading after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
A-Mark Precious Metals Inc (NASDAQ:AMRK) shares fell 11.7% to $35.62 in pre-market trading following fiscal third quarter 2024 results.
OPKO Health, Inc. (NASDAQ:OPK) shares fell 10.7% to $1.16 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) shares fell 9.9% to $10.69 in pre-market trading after gaining 6% on Tuesday.
Integral Ad Science Holding Corp. (NASDAQ:IAS) shares dipped 9.2% to $8.99 in pre-market trading.
Centrus Energy Corp. (NYSE:LEU) shares declined 8.6% to $40.49 pre-market trading following first-quarter results.
Twilio Inc. (NYSE:TWLO) shares fell 6.7% to $59.13 in pre-market trading following first-quarter results.
Astera Labs, Inc. (NASDAQ:ALAB) shares declined 6% to $71.66 in pre-market trading following first-quarter results.
Coupang, Inc. (NYSE:CPNG) fell 5.8% to $22.27 in pre-market trading after the company reported mixed first-quarter financial results.
Sony Group Corporation (NYSE:SONY) shares declined 4.1% to $78.33 in pre-market trading.