US stock futures are indicating a positive start to the trading day on Friday, with the Dow futures gaining approximately 150 points. This optimistic outlook, however, is tempered by the performance of certain individual stocks in pre-market trading.
Ubiquiti Inc. (UI) experienced a sharp decline after releasing its fourth-quarter earnings report, which fell short of analyst expectations. While the company exceeded earnings per share estimates, reporting $1.74 per share compared to the anticipated $1.73, its quarterly revenue of $507.46 million missed the consensus estimate of $511.62 million. This disappointing sales performance led to a 7.6% drop in Ubiquiti shares, reaching $163.22 in pre-market trading.
Several other stocks are also experiencing losses in the pre-market session. Red Robin Gourmet Burgers, Inc. (RRGB) is down 13.5% to $4.09 following the release of its second-quarter earnings report, which missed expectations and prompted a reduction in its full-year revenue guidance. U-BX Technology Ltd (UBXG), after declining 7% on Thursday, is seeing a further dip of 6.3% to $29.90 in pre-market trading. Similarly, Gold Fields Limited (GFI), following a 5% decline on Thursday, is down 4.2% to $15.10 in pre-market trading.
Other notable pre-market losers include DouYu International Holdings Limited (DOYU), which fell 2.6% to $17.09 after declining 6% on Thursday, and Cronos Group Inc (CRON), down 2.6% to $2.25. Medical Properties Trust, Inc. (MPW) is down 2.2% to $4.44 despite declaring a regular quarterly cash dividend of 8 cents per share. Finally, BigBear.ai Holdings, Inc. (BBAI), following a 4% drop on Thursday, is down 2% to $1.59 in pre-market trading.
