SWKS - Starbucks Reports Downbeat Earnings Joins Skyworks Solutions Super Micro Computer And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Nasdaq futures falling over 100 points on Wednesday.
Shares of Starbucks Corporation (NASDAQ:SBUX) fell sharply in today's pre-market trading following weaker-than-expected second-quarter earnings.
Starbucks said second-quarter revenue decreased 2% year-over-year to $8.6 billion, which missed the consensus estimate of $9.129 billion, according to Benzinga Pro. The company reported quarterly earnings of 68 cents per share, which missed analyst estimates of 79 cents per share.
Starbucks shares dipped 12.1% to $77.79 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.