U.S. stock futures began the day with a slight downturn, as Dow futures slipped by approximately 0.1% on Wednesday.
Harrow, Inc. (NASDAQ: HROW) experienced a notable drop in pre-market trading after revealing fourth-quarter results that fell short of expectations.
The company reported an adjusted loss of 20 cents per share, missing the market's projected loss of 4 cents per share. Quarterly sales totaled $36.35 million, below the expected $37.86 million.
Harrow's shares plummeted by 14.6% to $9.09 in pre-market trading.
In addition, several other major stocks recorded losses in today's pre-market trading session:
- Aquestive Therapeutics, Inc. (NASDAQ: AQST) saw a 14.8% decline to $4.55 after pricing its $75 million underwritten public offering of 16,666,667 common shares at $4.50 per share.
- NuScale Power Corporation (NYSE: SMR) witnessed a 6.8% decrease to $6.13 following a 35% dip on Tuesday due to a downgrade by Wells Fargo.
- MaxCyte, Inc. (NASDAQ: MXCT) experienced a 5.8% drop to $4.20 after a 7% gain on Tuesday. The company reported better-than-expected fourth-quarter financial results last week.
- TeraWulf Inc. (NASDAQ: WULF) observed a 4.7% decline to $1.64 after disappointing fourth-quarter results.
- MicroStrategy Incorporated (NASDAQ: MSTR) saw a 3.9% decrease to $1,362.64 after completing a $603.75 million offering of 0.875% convertible senior notes due 2031.
- Nasdaq, Inc. (NASDAQ: NDAQ) experienced a 3.1% decline to $60.52 after pricing a secondary offering of 26,956,522 common shares by Borse Dubai at $59 per share.
- Amcor plc (NYSE: AMCR) witnessed a 3% drop to $9.10 after announcing a CEO transition and reaffirming its fiscal 2024 forecast.