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Hello Group Posts Q4 Results, Joins SentinelOne, Futu Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Published 14/03/2024, 09:52
© Reuters. Hello Group Posts Q4 Results, Joins SentinelOne, Futu Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
MOMO
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Benzinga - by Avi Kapoor, Benzinga Staff Writer.

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

Shares of Hello Group Inc. (NASDAQ: MOMO) fell sharply in today’s pre-market trading after the company reported fourth-quarter financial results and issued first-quarter revenue guidance.

Hello Group posted adjusted earnings of 37 cents per share, compared to estimates of 34 cents per share. The company’s quarterly sales came in at $422.95 million versus expectations of $405.61 million, according to data from Benzinga Pro.

Hello Group said it sees first-quarter net revenue of RMB2.45 billion to RMB2.55 billion.

Hello Group shares dipped 19.1% to $6.21 in pre-market trading.

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

  • Pagaya Technologies Ltd. (NASDAQ: PGY) declined 14.1% to $13.32 in pre-market trading after the company commenced an underwritten offering of 6.5 million shares.
  • Futu Holdings Limited (NASDAQ: FUTU) shares fell 11.5% to $57.90 in pre-market trading following fourth-quarter results.
  • SentinelOne, Inc. (NYSE: S) dipped 9.7% to $25.22 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.
  • UP Fintech Holding Limited (NASDAQ: TIGR) declined 6.6% to $4.64 in pre-market trading. UP Fintech Holding is expected to report its financial results for the fourth quarter, before the opening bell on March 20, 2024.
  • Nukkleus Inc. (NASDAQ: NUKK) fell 5.5% to $0.9734 in pre-market trading after dipping 8% on Wednesday.
  • HUTCHMED (China) Limited (NASDAQ: HCM) declined 5.4% to $17.55 in pre-market trading after gaining around 14% on Wednesday.
  • Applied Optoelectronics, Inc. (NASDAQ: AAOI) shares fell 4.4% to $13.36 in pre-market trading. On Feb. 22, Applied Optoelectronics reported fourth-quarter financial results and issued guidance.
  • Anheuser-Busch InBev SA/NV (NYSE: BUD) shares fell 3.9% to $62.01 in pre-market trading after Altria announced its intent to sell a portion of its investment in the company.

Now Read This: Investor Sentiment Edges Higher, S&P 500 Falls From Record High

Don’t forget to check out our premarket coverage here

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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