Harmonic Issues Weak Guidance, Joins Fluence Energy, Amkor Technology And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Tuesday.

Shares of Harmonic Inc. HLIT fell sharply in today’s pre-market trading after the company issued first-quarter earnings and revenue guidance below estimates.

The company said it sees first-quarter adjusted earnings of 2 cents to 8 cents per share, versus estimates of 14 cents per share. The company expects revenue of $120 million to $135 million versus projections of $154.76 million.

Harmonic shares dipped 25.6% to $8.27 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Fluence Energy, Inc. FLNC shares fell 35.1% to $8.48 in pre-market trading after the company reported worse-than-expected first-quarter financial results and issued FY25 revenue guidance below estimates.
• Surgery Partners, Inc. SGRY fell 10.1% to $23.00 in pre-market trading
• Amkor Technology, Inc. AMKR fell 9.5% to $22.04 in pre-market trading after the company missed fourth-quarter revenue estimates.
• Axcelis Technologies, Inc. ACLS shares dipped 8.3% to $62.00 in pre-market trading following fourth-quarter results.
• Medpace Holdings, Inc. MEDP declined 6.6% to $331.17 in pre-market trading following fourth-quarter results.
• Surgery Partners, Inc. SGRY fell 6.1% to $24.02 in pre-market trading.
• XPeng Inc. XPEV fell 6% to $15.66 in pre-market trading.
• CoreCivic, Inc. CXW fell 5.2% to $17.86 in pre-market trading after the company issued FY25 FFO guidance below estimates.

Now Read This: