Coty Posts Mixed Q4 Results, Joins Wolfspeed, ATRenew And Other Big Stocks Moving Lower In Thursday’s Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining around 0.1% on Thursday.

Shares of Coty Inc (NYSE:COTY) fell sharply in pre-market trading after the company reported mixed fourth-quarter financial results and issued first-quarter adjusted EPS guidance below estimates.

Coty reported quarterly losses of two cents per share, which missed the consensus estimate for a loss of one cent, according to Benzinga Pro data. Quarterly revenue of $1.27 billion beat the Street estimate of $1.19 billion by 6.25%.

The company disclosed that the Gucci Beauty license exit will result in a step-down in FY28 sales and profit.

Coty shares dipped 7.7% to $2.80 in pre-market trading.

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

• Moderna Inc (NASDAQ:MRNA) shares dipped 12.4% to $153.01 in pre-market trading. Moderna shares jumped 177% on Wednesday after the company and Merck announced topline results from the Phase 3 INTerpath-001 trial met its primary and a key secondary endpoint.
• Wolfspeed Inc (NYSE:WOLF) declined 12% to $25.60 in pre-market trading after the company reported mixed fourth-quarter financial results.
• ATRenew Inc (NASDAQ:RERE) fell 7.2% to $4.26 in pre-market trading after the company posted second-quarter results and issued weak third-quarter sales forecast.
• Agenus Inc (NASDAQ:AGEN) dipped 6.5% to $7.72 in pre-market trading after gaining around 10% on Wednesday.
• Re/Max Holdings Inc (NYSE:RMAX) fell 6.3% to $13.50 in pre-market trading after gaining over 5% on Wednesday.
• LegalZoom.com Inc (NASDAQ:LZ) dipped 6% to $5.51 in pre-market trading following a 3% gain in the previous session.
• Senseonics Holdings Inc (NASDAQ:SENS) declined 5.6% to $8.60 in pre-market trading after gaining around 5% on Wednesday.
• Kingsoft Cloud Holdings Ltd (NASDAQ:KC) dropped 5.4% to $11.70 in pre-market trading. Kingsoft Cloud shares gained 14% on Wednesday after the company reported better-than-expected Q2 financial results.
• John B Sanfilippo & Son Inc (NASDAQ:JBSS) fell 5.3% to $77.00 in pre-market trading following downbeat quarterly earnings.
• ProQR Therapeutics NV (NASDAQ:PRQR) declined 4.5% to $2.12 in pre-market trading.
• Petco Health and Wellness Company Inc (NASDAQ:WOOF) fell 4.4% to $2.82 in pre-market trading. Petco recently appointed Jeffrey Naylor to its board of directors.
• Hamilton Beach Brands Holding Co (NYSE:HBB) declined 2.3% to $32.94 in pre-market trading.   

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