US stock futures are on an upward trajectory this morning, with the Dow futures indicating a gain of roughly 0.5%. This positive sentiment, however, is being countered by a sharp decline in shares of BJ’s Restaurants, Inc. (BJRI). The company’s third-quarter earnings report, released earlier today, fell short of analysts’ expectations, leading to a significant drop in its share price.
BJ’s Restaurants reported a quarterly loss of 13 cents per share, missing the analyst consensus estimate of 2 cents per share. While the company did surpass expectations in terms of revenue, reporting quarterly sales of $325.70 million compared to the analyst consensus estimate of $325.29 million, the earnings miss has weighed heavily on investor sentiment.
As a result of the disappointing earnings, BJ’s Restaurants shares have plummeted by 5.6% to $35.00 in the pre-market trading session.
Joining BJ’s Restaurants in the red are several other companies experiencing pre-market declines.
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ASP Isotopes Inc. (ASPI):
The company’s stock has fallen 8.4% to $6.40 in pre-market trading following the announcement of a proposed public offering.*
Trump Media & Technology Group Corp. (DJT):
After a 12% dip on Thursday, the company’s shares are down another 7.8% to $32.60 in pre-market trading.*
nVent Electric plc (NVT):
The company’s third-quarter results have led to a 6.1% drop in its share price, bringing it down to $70.00 in pre-market trading.*
DigitalBridge Group, Inc. (DBRG):
Weaker-than-expected third-quarter results have resulted in a 6% decline in the company’s shares, bringing them down to $14.75 in pre-market trading.*
Amcor plc (AMCR):
The company’s first-quarter financial results have fallen short of expectations, leading to a 4.5% drop in its shares to $10.63 in pre-market trading.*
Hudbay Minerals Inc. (HBM):
The company’s stock has fallen 3.7% to $8.62 in pre-market trading.These pre-market moves provide a glimpse into the potential market trends for the day ahead, with investor sentiment likely to be influenced by the release of further corporate earnings reports and broader macroeconomic factors.
