U.S. stock futures were lower this morning, with the Dow futures trading lower by around 70 points on Wednesday. Shares of Palo Alto Networks, Inc. PANW fell sharply in today’s pre-market trading after the company issued third-quarter guidance below estimates. Palo Alto’s fiscal second-quarter revenue increased 19% year-over-year to $1.98 billion, which beat the consensus estimate of $1.97 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.46 per share, which beat analyst estimates of $1.30 per share. Palo Alto sees fiscal third-quarter revenue of $1.95 billion to $1.98 billion versus estimates of $2.04 billion. The company expects third-quarter adjusted earnings to be between $1.24 and $1.26 per share versus estimates of $1.29 per share. Palo Alto Networks shares tumbled 22.1% to $285.06 in pre-market trading. Here are some big stocks recording losses in today’s pre-market trading session. Teladoc Health, Inc. TDOC shares dipped 20.8% to $16.22 in pre-market trading after the company reported mixed fourth-quarter financial results and issued weak guidance. Community Health Systems, Inc. CYH fell 18.3% to $3.30 in pre-market trading after the company reported fourth-quarter financial results. SolarEdge Technologies, Inc. SEDG shares fell 16% to $70.90 in pre-market trading after the company reported mixed fourth-quarter financial results. Matterport, Inc. MTTR shares declined 12.6% to $2.22 in pre-market trading after the company posted weak quarterly sales and issued downbeat forecast. Calliditas Therapeutics AB CALT fell 9.3% to $18.98 in pre-market trading following quarterly results. CrowdStrike Holdings, Inc. CRWD shares fell 9.2% to $294.00 in pre-market trading. Sprout Social, Inc. SPT fell 9.2% to $58.50 in pre-market trading after the company reported fourth-quarter financial results and issued guidance. Zscaler, Inc. ZS fell 9.2% to $226.15 in pre-market trading. HSBC Holdings plc HSBC fell 7.6% to $37.73 in pre-market trading following fourth-quarter results. Medifast, Inc. MED fell 7.3% to $45.36 in pre-market trading after the company issued weak guidance. Keysight Technologies, Inc. KEYS declined 6.8% to $144.00 in pre-market trading after the company issued second-quarter EPS and revenue guidance below estimates. Now Read This: Investor Sentiment Falls Further; Fear & Greed Index In ‘Greed’ Zone Don’t forget to check out our premarket coverage here © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Posted In: NewsPenny StocksSmall CapPre-Market OutlookMarketsMoversTrading Ideasbig losersTop Losers
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