U.S. stock futures were higher this morning, with the Dow futures gaining over 600 points on Wednesday.

Shares of Amdocs Limited (NASDAQ:DOX) fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY27 guidance below estimates.

Amdocs reported quarterly earnings of $1.98 per share which missed the analyst consensus estimate of $1.99 per share. The company reported quarterly sales of $1.194 billion which missed the analyst consensus estimate.

Amdocs shares dipped 39.1% to $38.00 in pre-market trading.

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

• Nurix Therapeutics, Inc. (NASDAQ:NRIX) fell 26.4% to $19.00 in pre-market trading after Sanofi notified the company of its decision to discontinue the Phase 1 first-in-human clinical trial of SAR448272.
• Skyworks Solutions, Inc. (NASDAQ:SWKS) declined 18% to $70.06 in pre-market trading after the company reported fourth-quarter financial results and issued first-quarter sales guidance below estimates.
• Redwood Trust, Inc. (NYSE:RWT) shares declined 11.9% to $2.74 in pre-market trading following weak quarterly results.
• Dyne Therapeutics, Inc. (NASDAQ:DYN) fell 9% to $16.43 in pre-market trading after gaining over 4% on Tuesday.
• Spyre Therapeutics Inc (NASDAQ:SYRE) declined 8.7% to $90.62 in pre-market trading after the company reported worse-than-expected quarterly EPS results.
• Ramaco Resources Inc (NASDAQ:METC) fell 8.3% to $6.18 in pre-market trading after the company reported mixed quarterly financial results.
• New Era Energy & Digital Inc (NASDAQ:NUAI) declined 7.2% to $2.58 in pre-market trading.
• Trump Media & Technology Group Corp (NASDAQ:DJT) declined 6.9% to $5.54 in pre-market trading after gaining 5% on Tuesday.
• Cipher Digital Inc (NASDAQ:CIFR) fell 6.9% to $7.56 in pre-market trading. Cipher Digital on Monday reported weaker-than-expected sales for the third quarter.  
• Geo Group Inc (NYSE:GEO) dropped 6% to $26.39 in pre-market trading.
• Revolve Group Inc (NYSE:RVLV) declined 5.8% to $20.29 in pre-market trading following weak quarterly earnings.
• Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) fell 4.7% to $15.85 in pre-market trading following downbeat quarterly results.
• IHS Holding Limited (NYSE:IHS) fell 4.3% to $8.08 in pre-market trading.
• Tesla, Inc. (NASDAQ:TSLA) fell 3.6% to $384.28 in pre-market trading. According to AP News data, Democratic Party’s Senate nominee James Talarico secured a victory in the Texas Senate race against GOP candidate Ken Paxton, who was backed by Musk after the billionaire reportedly spent $158 million in the run-up to November 3rd.

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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.