Align Technology Posts Downbeat Earnings, Joins Confluent,FormFactor And Other Big Stocks Moving Lower In Thursday Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.4% on Thursday.

Shares of Align Technology, Inc. (NASDAQ:ALGN) fell sharply in pre-market trading after the company missed second-quarter earnings estimates and issued soft third-quarter guidance.

Align Tech reported quarterly earnings of $2.49 per share which missed the analyst consensus estimate of $2.57 per share. The company reported quarterly sales of $1.012 billion which missed the analyst consensus estimate of $1.059 billion.

Align Technology shares dipped 34.2% to $133.93 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Confluent, Inc. (NASDAQ:CFLT) fell 28.7% to $18.83 in pre-market trading following second-quarter results.
• Fundamental Global Inc. (NASDAQ:FGF) fell 18.2% to $15.20 in pre-market trading after dipping 14% on Wednesday.
• Duos Technologies Group, Inc. (NASDAQ:DUOT) shares tumbled 17.1% to $6.24 in pre-market trading after the company announced the pricing of $40 million upsized and oversubscribed public offering of common stock.
• Prime Medicine, Inc. (NASDAQ:PRME) fell 12.4% to $3.43 in pre-market trading after the company announced the pricing of public offering.
• FormFactor, Inc. (NASDAQ:FORM) shares fell 11.8% to $30.35 in pre-market trading after the company reported a second-quarter adjusted EPS miss and issued third-quarter EPS guidance below estimates.
• Anheuser-Busch InBev SA/NV (NYSE:BUD) dipped 10.9% to $59.30 in pre-market trading after the company’s Q2 sales missed estimates and total volumes declined.
• Tronox Holdings plc (NYSE:TROX) fell 10.4% to $4.60 in pre-market trading after the company reported worse-than-expected Q2 financial results and narrowed its FY25 sales guidance.
• SPS Commerce, Inc. (NASDAQ:SPSC) declined 6.3% to $130.81 in pre-market trading following the release of its Q2 financial results. Also, Needham cut its price target on the stock from $210 to $160.

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