These stocks are the biggest moves before market on Thursday
Using TipRanks’ Top Stock Gainers/Losers tool, we’ve compiled a list of the biggest stock moves ahead of Thursday’s market, which looks like this:
Five Biggest Movers
Actions of online learning platform Coursera, Inc. (NYSE: COURT) fell nearly 31% in Thursday’s premarket trading session after the company’s second-quarter results missed consensus estimates. California-based Coursera posted a loss of $0.34 per share, above the street estimate of $0.13 per share. Revenue of $124.8 million was also below expectations of $5.76 million.
Teladoc Health, Inc. (NYSE: TDOC) was trading down nearly 24% in the early hours of Thursday after reporting its second-quarter results after the market closed on Wednesday. The telemedicine company recorded a goodwill impairment charge of $3 billion in the quarter, which lowered its earnings by $18.22 per share. Teladoc also said it expects full-year 2022 results to be at the lower end of its previously provided guidance range.
Next on the list is software company Pegasystems, Inc. (NASDAQ: PEGA), which fell 16.3% due to weak results in the second quarter of 2022. The company announced a loss of $0.38 per share, compared to earnings of $0.25 per share a year earlier and l consensus earnings estimate of $0.05 per share. Total revenue was down 16% year over year to $274 million.
Buoyed by strong second quarter results, Texas-based renewable energy company Sunnova Energy International, Inc. (New York Stock Exchange: NOVA) was trading up nearly 15% early Thursday. Revenue rose $80.5 million year-over-year to $147 million, beating the Street’s estimate of $89.2 million. The loss narrowed to $0.32 per share from $0.57 per share recorded the previous year.
Finally, the shares of Fresenius Medical Care AG & Co. (NYSE: FMS) fell 13.6% to a 12-year low early Thursday, after the company cut its full-year 2022 guidance. The German healthcare provider released its preliminary second-quarter results on Wednesday. He expects revenue to grow in the lower end of the low-to-mid single-digit percentage range. In addition, net income is expected to decrease in the teen percentage range.
Keep watching this space for possible volatility as the market opens. Tomorrow we will have another updated piece on pre-market movers in stock…
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