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Enphase Energy Posts Downbeat Q3 Results, Joins NXP Semiconductors, Seagate And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session
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U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Wednesday.

Shares of Enphase Energy, Inc. (NASDAQ:ENPH) fell sharply in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued fourth-quarter sales guidance below estimates.

Enphase Energy posted third-quarter revenue of $293.33 million, missing the consensus estimate of $304.04 million, according to Benzinga Pro. The company reported adjusted earnings of 41 cents per share for the quarter, missing estimates of 51 cents per share.

Enphase Energy shares tumbled 17.2% to $24.60 in pre-market trading.

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

  • Rapport Therapeutics, Inc. (NASDAQ:RAPP) shares dipped 17.2% to $22.81 in pre-market trading after the company announced a $200 million proposed public offering.
  • Intapp, Inc. (NASDAQ:INTA) fell 13% to $37.38 in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.
  • Logitech International S.A. (NASDAQ:LOGI) declined 11.3% to $99.10 in pre-market trading after the company reported second-quarter financial results. The company issued soft third-quarter net sales guidance and expects the impact of the supplier incident to be largely resolved by the fourth quarter.
  • Robinhood Markets, Inc. (NASDAQ:HOOD) fell 8% to $87.00 in pre-market trading. Robinhood reported better-than-expected third-quarter financial results Tuesday after market close.
  • Grid Dynamics Holdings Inc (NASDAQ:GDYN) declined 8% to $7.97 in pre-market trading.
  • NXP Semiconductors NV (NASDAQ:NXPI) dipped 7.2% to $235.25 in pre-market trading after the company reported third-quarter financial results. The company issued fourth-quarter GAAP EPS guidance with its midpoint below estimates.
  • Costar Group Inc (NASDAQ:CSGP) fell 6.4% to $29.96 in pre-market trading after the company reported third-quarter financial results and issued fourth-quarter GAAP EPS guidance below estimates.
  • LPL Financial Holdings Inc (NASDAQ:LPLA) declined 5.5% to $300.00 in pre-market trading following mixed quarterly results.
  • Solaredge Technologies Inc (NASDAQ:SEDG) dipped 5.5% to $30.40 in pre-market trading.
  • F5 Inc (NASDAQ:FFIV) declined 4.6% to $438.00 in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance with its midpoint below estimates.
  • Seagate Technology Holdings PLC (NASDAQ:STX) fell 3.7% to $643.20 in pre-market trading following first-quarter results.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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