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Exact Sciences Reports Q1 Loss, Joins Beyond Meat, Other Big Stocks Moving Lower

Benzinga ·  May 9 05:49

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Thursday.

Shares of $Exact Sciences (EXAS.US)$ fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results.

Exact Sciences said first-quarter revenue increased 6% year-over-year to $638 million, which beat the consensus estimate of $627.355 million, according to Benzinga Pro. The company reported a quarterly loss of 60 cents per share, which missed analyst estimates for a loss of 48 cents per share.

Here are some big stocks recording losses in today's pre-market trading session.

Cardlytics, Inc. shares tumbled 40% to $10.40 after the company reported mixed first-quarter financial results.

Delta Apparel, Inc. shares declined 29% following weaker-than-expected second-quarter results.

$Beyond Meat (BYND.US)$ shares declined 12% after the company reported a wider-than-expected loss for its first quarter. The company sees second-quarter revenue to be between $85 million and $90 million and full-year 2024 revenue to be between $315 million and $345 million.

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