PLUG - Hot Stocks: LMT dips on earnings; SI rises; PLUG deal with WMT; ACAD clinical trial data
Earnings season began to heat up in Tuesday's pre-market trading. Lockheed Martin (NYSE:LMT) was among the big names reporting quarterly results, losing ground amid a weak revenue total. On the other side of the ledger, Silvergate Capital (SI) gained ground following its quarterly update. In other news, Plug Power (PLUG) received a pre-market boost thanks to a green energy supply deal with Walmart. Meanwhile, Acadia (ACAD) dropped after releasing disappointing clinical trial data. Decliners A disappointing revenue figure put pressure on Lockheed Martin (LMT), sending the stock lower by nearly 3% in pre-market action. LMT topped projections with its profit figure. However, revenue dropped 8% from last year to reach a level of $14.96B -- more than $500M below analysts' consensus. Acadia (ACAD) also lost ground before the opening bell, dragged down by disappointing clinical trial data. The company said its ACP-044 product missed the primary endpoint in a Phase
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Hot Stocks: LMT dips on earnings; SI rises; PLUG deal with WMT; ACAD clinical trial data