Stitch Fix Reports Weak Earnings, Joins KB Home And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.

Shares of Stitch Fix, Inc. (NASDAQ:SFIX) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter EPS results.

Stitch Fix reported quarterly losses of 29 cents per share, which missed the analyst consensus estimate for losses of 19 cents. Quarterly revenue of $319.6 million beat the analyst consensus estimate of $318.5 million and is a 12.4% decrease year-over-year.

Stitch Fix shares dipped 25.6% to $2.79 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

• Target Hospitality Corp. (NASDAQ:TH) shares dipped 17.9% to $7.75 in pre-market trading. Target Hospitality Announced that its board of directors has decided to disband the special committee, which was formed solely of independent directors.
• GDS Holdings Limited (NASDAQ:GDS) declined 7.5% to $19.91 in pre-market trading after gaining 5% on Tuesday.
• KB Home (NYSE:KBH) shares fell 7.1% to $81.19 in pre-market trading following third-quarter financial results.
• Zai Lab Ltd – ADR (NASDAQ:ZLAB) shares declined 5.2% to $20.45 in pre-market trading.
• Bilibili Inc. (NASDAQ:BILI) shares fell 4.8% to $17.73 in pre-market trading after surging 17% on Tuesday.
• Wave Life Sciences Ltd. (NASDAQ:WVE) shares slipped 4.8% to $7.80 in pre-market trading after the company announced a $175 million proposed public offering of ordinary shares and pre-funded warrants.
• XPeng Inc. (NYSE:XPEV) shares declined 4.6% to $10.21 in pre-market trading after jumping 12% on Tuesday.
• JD.com, Inc. (NASDAQ:JD) shares fell 4% to $32.55 in pre-market trading after gaining 14% on Tuesday.

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