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Corteva Posts Downbeat Q3 Results, Joins Nvidia, Alvotech And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session
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U.S. stock futures were mixed this morning, with the Nasdaq 100 futures falling over 150 points on Thursday.

Shares of Corteva Inc (NYSE:CTVA) fell sharply in pre-market trading after the company reported worse-than-expected quarterly financial results.

Corteva reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $1.590 billion which missed the analyst consensus estimate of $1.764 billion.

Corteva shares dipped 8% to $11.17 in pre-market trading.

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

  • Digi International Inc (NASDAQ:DGII) shares dipped 16% to $56.30 in pre-market trading. Digi International posted upbeat earnings for the fourth quarter.
  • Alvotech SA (NASDAQ:ALVO) declined 6.7% to $4.59 in pre-market trading after the company announced weak quarterly results.
  • American Superconductor Corp (NASDAQ:AMSC) fell 6.7% to $24.06 in pre-market trading.
  • NIQ Global Intelligence PLC (NYSE:NIQ) dropped 5.9% to $19.82 in pre-market trading.
  • NVIDIA Corp (NASDAQ:NVDA) fell 5.6% to $164.00 in pre-market trading following the report that CEO Jensen Huang had a second affair and the board may remove him. Oppenheimer analyst Rick Schafer downgraded NVIDIA from Outperform to Perform.
  • Xanadu Quantum Technologies Ltd (NASDAQ:XNDU) declined 5.4% to $2.65 in pre-market trading following weak quarterly results.
  • Horizon Quantum Holdings Ltd (NASDAQ:HQ) fell 5.4% to $12.10 in pre-market trading.
  • CoreWeave Inc (NASDAQ:CRWV) declined 5% to $57.75 in pre-market trading. CoreWeave soared around 25% on Wednesday after the company reported upbeat financial results for the third quarter.
  • Super Micro Computer Inc (NASDAQ:SMCI) dipped 4.7% to $28.99 in pre-market trading. Super Micro Computer shares gained around 10% on Wednesday after the company announced it has begun shipping its H15 generation servers powered by AMD EPYC 9006 Series processors.
  • Alibaba Group Holding Ltd – ADR (NYSE:BABA) fell 4.6% to $96.84 in pre-market trading. Alibaba is preparing to spin off its semiconductor subsidiary, T-Head, through a proposed public offering in Hong Kong, adding a potential listed vehicle for its chip ambitions.
  • Vicor Corp (NASDAQ:VICR) declined 4.2% to $161.11 in pre-market trading following a 4% gain on Wednesday.

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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.
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