Estee Lauder, NerdWallet, Sprout Social And Other Big Stocks Moving Lower On Wednesday

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U.S. stocks mostly traded higher, but the Dow Jones lost around 19 points on Wednesday. Here are some big stocks recording losses in today’s session.

  • Estee Lauder Companies, Inc. EL shares tumbled 21.3% to $192.99 after the company reported disappointing quarterly earnings and issued weak full-year guidance, showing a 10%-12% decline in sales.
  • NerdWallet, Inc. NRDS shares were down 19.43% to $10.0715 after the company reported higher-than-expected earnings and revenue for the first quarter while guiding to its second-quarter revenues below estimates.
  • Icahn Enterprises L.P. IEP shares declined 18.27% to $32.9895 in pre-market trading after a Hindenburg Research report claimed “Ponzi-like” business concerns surrounding the stock.
  • Avanos Medical, Inc. AVNS fell 17.43% to $23.915 in pre-market trading after the company’s first quarter Non GAAP earnings of 27 cents per share missed estimates by 1 cent per share and revenues of $191.7 million missed expectations by $3.5 million.
  • Sprout Social, Inc. SPT was down, falling 17.40% to $39.915 after the company reported better-than-expected results for the first quarter but issued disappointing guidance for the second quarter.
  • Mercury Systems Inc MRCY shares fell 17.19% to $37.50 in pre-market trading. RBC Capital maintained a Sector Perform rating on Mercury Systems, while lowering the price target to $45.
  • The Andersons, Inc. ANDE declined 14.25% to $37.63 in pre-market trading after the company’s first-quarter earnings of 20 cents per share beat the consensus estimates of 18 cents per share, despite higher-than-expected sales of $3.88 billion.
  • Clearwater Paper Corporation CLE shares dropped 14.22% to $31.13 in pre-market trading after the company’s first-quarter earnings of $1.47 per share missed analyst estimates of $1.75 per share and revenue of $525 million missed expectations by $22 million.
  • Shares of Wave Life Sciences Ltd WVE declined by 11.01% to $3.28 after the company reported disappointing results for the first quarter.
  • Wix.Com Ltd’s WIX stock tanked 9.79% to $76.24, continuing its downtrend since last week.

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