Frequency Electronics Posts Weak Q4 Results, Joins AST SpaceMobile And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.2% on Thursday.

Shares of Frequency Electronics Inc (NASDAQ:FEIM) fell sharply in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.

Frequency Electronics reported quarterly losses of 50 cents per share which missed the analyst consensus estimate of earnings of 24 cents per share. The company reported quarterly sales of $15.398 million which missed the analyst consensus estimate of $18.575 million.

Frequency Electronics shares dipped 8.3% to $54.34 in pre-market trading.

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

• Apollo Commercial Real Estate Financ Inc (NYSE:ARI) fell 35.7% to $6.78 in pre-market trading.
• Nuvve Holding Corp (NASDAQ:NVVE) fell 26.3% to $15.89 in pre-market trading as investors assessed the company’s latest quarterly report, which highlighted ongoing liquidity challenges despite revenue growth.
• AST SpaceMobile Inc (NASDAQ:ASTS) fell 12.1% to $58.32 in pre-market trading after the company announced a $1.0 billion proposed public offering of Convertible Senior notes.
• SK Hynix Inc – ADR (NASDAQ:SKHY) shares dipped 6.9% to $164.35 in pre-market trading after declining 9% on Wednesday.
• SanDisk Corp (NASDAQ:SNDK) declined 5.7% to $1,523.44 in pre-market trading after dipping 8% on Wednesday.
• Western Digital Corp (NASDAQ:WDC) fell 5% to $488.00 in pre-market trading after declining around 9% on Wednesday.
• CorMedix Inc (NASDAQ:CRMD) dipped 5% to $8.00 in pre-market trading.
• Coherent Corp (NYSE:COHR) shares fell 4.8% to $284.85 in pre-market trading after declining around 4% on Wednesday.
• AXT Inc (NASDAQ:AXTI) fell 4.5% to $51.00 in pre-market trading.
• Electrovaya Inc (NASDAQ:ELVA) fell 4% to $11.29 in pre-market trading. Electrovaya shares jumped 49% on Wednesday after announced a commercial agreement and a warrant transaction with Amazon to support the continued deployment of Infinity Battery Technology.

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