Skechers Posts Weak Revenue, Joins Intel, Gilead Sciences And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 50 points on Friday.

Shares of Skechers U.S.A., Inc. (NYSE:SKX) fell sharply in today's pre-market trading following a first-quarter revenue miss.

Skechers reported quarterly earnings of $1.34 per share, which beat the analyst consensus estimate of $1.17. Quarterly revenue came in at $2.41 billion, which missed the consensus estimate of $2.43 billion.

Skechers shares dipped 7.2% to $46.82 in the pre-market trading session.

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

• TMC the metals company Inc (NASDAQ:TMC) dipped 7.3% to $3.42 in pre-market trading.
• Azul S.A. (NYSE:AZUL) fell 7.1% to $1.05 in pre-market trading.
• Celestica Inc. (NYSE:CLS) declined 5.9% to $86.70 in pre-market trading after the company issued second-quarter sales guidance below estimates.
• Intel Corporation (NASDAQ:INTC) fell 5.7% to $20.27 in pre-market trading. Intel reported upbeat first-quarter financial results, but issued weak outlook for the second quarter. Intel said it expects second-quarter revenue to be in the range of $11.2 billion to $12.4 billion versus estimates of $12.84 billion. The company anticipates a second-quarter earnings loss of 32 cents per share versus estimates for a loss of 16 cents per share.
• T-Mobile US, Inc. (NASDAQ:TMUS) declined 5.5% to $247.83 in pre-market trading following first-quarter results.
• Kingsoft Cloud Holdings Limited (NASDAQ:KC) dipped 4.7% to $11.95 in pre-market trading.
• Gilead Sciences, Inc. (NASDAQ:GILD) fell 3.8% to $102.14 in today's pre-market trading after the company posted mixed first-quarter results. Gilead Sciences also lowered its fiscal 2025 earnings guidance from a range of $5.95 to $6.35 per share to a range of $5.65 to $6.05 per share, versus the $6.21 estimate.
• Fluor Corporation (NYSE:FLR) slipped 3.8% to $34.24 in pre-market trading.

Now Read This:

• Alphabet, Intel And 3 Stocks To Watch Heading Into Friday

Photo via Shutterstock