U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining around 0.1% on Thursday.
Shares of Coty Inc (NYSE: COTY ) fell sharply in pre-market trading after the company reported mixed fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates .
Coty reported quarterly losses of two cents per share, which missed the consensus estimate for a loss of one cent, according to Benzinga Pro data. Quarterly revenue of $1.27 billion beat the Street estimate of $1.19 billion by 6.25%.
The company disclosed that the Gucci Beauty license exit will result in a step-down in FY28 sales and profit.
Coty shares dipped 7.7% to $2.80 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
Moderna Inc (NASDAQ: MRNA ) shares dipped 12.4% to $153.01 in pre-market trading. Moderna shares jumped 177% on Wednesday after the company and Merck announced topline results from the Phase 3 INTerpath-001 trial met its primary and a key secondary endpoint. Wolfspeed Inc (NYSE: WOLF ) declined 12% to $25.60 in pre-market trading after the company reported mixed fourth-quarter financial results. ATRenew Inc (NASDAQ: RERE ) fell 7.2% to $4.26 in pre-market trading after the company posted second-quarter results and issued weak third-quarter sales forecast. Agenus Inc (NASDAQ: AGEN ) dipped 6.5% to $7.72 in pre-market trading after gaining around 10% on Wednesday. Re/Max Holdings Inc (NYSE: RMAX ) fell 6.3% to $13.50 in pre-market trading after gaining over 5% on Wednesday. Latest Private Market Opportunities Join 400,000+ Investors LegalZoom.com Inc (NASDAQ: LZ ) dipped 6% to $5.51 in pre-market trading following a 3% gain in the previous session. Senseonics Holdings Inc (NASDAQ: SENS ) declined 5.6% to $8.60 in pre-market trading after gaining around 5% on Wednesday. Kingsoft Cloud Holdings Ltd (NASDAQ: KC ) dropped 5.4% to $11.70 in pre-market trading. Kingsoft Cloud shares gained 14% on Wednesday after the company reported better-than-expected Q2 financial results. John B Sanfilippo & Son Inc (NASDAQ: JBSS ) fell 5.3% to $77.00 in pre-market trading following downbeat quarterly earnings. ProQR Therapeutics NV (NASDAQ: PRQR ) declined 4.5% to $2.12 in pre-market trading. Petco Health and Wellness Company Inc (NASDAQ: WOOF ) fell 4.4% to $2.82 in pre-market trading. Petco recently appointed Jeffrey Naylor to its board of directors. Hamilton Beach Brands Holding Co (NYSE: HBB ) declined 2.3% to $32.94 in pre-market trading.Photo via Shutterstock
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