Manhattan Associates, LendingClub And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - A

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.4% on Wednesday.

Shares of Manhattan Associates, Inc. (NASDAQ:MANH) fell sharply in today's pre-market trading following soft FY25 guidance.

Manhattan Associates said it sees FY2025 adjusted earnings of $4.45 to $4.55 per share, versus market estimates of $4.91 per share. The company expects sales of $1.060 billion to 1.070 billion, versus projections of $1.14 billion.

Manhattan Associates shares dipped 23.4% to $225.92 in the pre-market trading session.

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

Globalstar, Inc. (NYSE:GSAT) shares dipped 21.5% to $1.4999 in pre-market trading.
LendingClub Corporation (NYSE:LC) fell 21% to $13.30 in pre-market trading following worse-than-expected reported fourth-quarter EPS results.
Avnet, Inc. (NASDAQ:AVT) shares fell 7.4% to $48.56 in pre-market trading following weak quarterly earnings.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) fell 6.4% to $20.16 in pre-market trading following fourth-quarter reported financial results.
Victoria’s Secret & Co. (NYSE:VSCO) dipped 6.3% to $35.51 in pre-market trading. Victoria’s Secret announced that Chief Financial and Administrative Officer Timothy Johnson is retiring in June 2025 and Scott Sekella has been appointed Chief Financial Officer.
Danaher Corporation (NYSE:DHR) fell 6.2% to $232.54 in pre-market trading after the company reported quarterly adjusted EPS below estimates..
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) fell 6% to $5.47 in pre-market trading. American Axle & Manufacturing and Dowlais announced plans to merge in a $1.44 billion cash-and-stock deal.