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. 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.

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

TMC the metals company Inc TMC dipped 7.3% to $3.42 in pre-market trading.
Azul S.A. AZUL fell 7.1% to $1.05 in pre-market trading.
Celestica Inc. CLS declined 5.9% to $86.70 in pre-market trading after the company issued second-quarter sales guidance below estimates.
Intel Corporation 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. TMUS declined 5.5% to $247.83 in pre-market trading following first-quarter results.
Kingsoft Cloud Holdings Limited KC dipped 4.7% to $11.95 in pre-market trading.
Gilead Sciences, Inc. 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 FLR slipped 3.8% to $34.24 in pre-market trading.