US stock futures displayed a mixed performance this morning, with the Dow futures edging up slightly on Wednesday. However, the spotlight was on Stitch Fix, Inc. (SFIX), whose shares took a sharp dive in pre-market trading following the company’s release of disappointing fourth-quarter earnings.
Stitch Fix reported quarterly losses of 29 cents per share, falling short of analysts’ expectations for losses of 19 cents. Although the company’s quarterly revenue of $319.6 million surpassed the analyst consensus estimate of $318.5 million, it represented a 12.4% decrease year-over-year. This news sent Stitch Fix shares tumbling 25.6% to $2.79 in pre-market trading.
Here’s a look at other notable stocks experiencing losses in today’s pre-market trading session:
*
Target Hospitality Corp. (TH)
shares dipped 17.9% to $7.75 after the company announced its board of directors’ decision to disband the special committee, which was composed solely of independent directors.*
GDS Holdings Limited (GDS)
declined 7.5% to $19.91 after a 5% gain on Tuesday.*
KB Home (KBH)
shares fell 7.1% to $81.19 following the release of their third-quarter financial results.*
Zai Lab Ltd – ADR (ZLAB)
shares dipped 5.2% to $20.45.*
Bilibili Inc. (BILI)
shares dropped 4.8% to $17.73, following a 17% surge on Tuesday.*
Wave Life Sciences Ltd. (WVE)
shares slipped 4.8% to $7.80 after the company announced a proposed $175 million public offering of ordinary shares and pre-funded warrants.*
XPeng Inc. (XPEV)
shares declined 4.6% to $10.21, following a 12% jump on Tuesday.*
JD.com, Inc. (JD)
shares fell 4% to $32.55, after gaining 14% on Tuesday.These pre-market movements offer a glimpse into the potential trends for the broader market as the trading day commences.
