Trade Desk Posts Downbeat Revenue, Joins Aspen Aerogels, Fastly And Other Big Stocks Moving Lower In Thur

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

Shares of The Trade Desk, Inc. (NASDAQ:TTD) fell sharply in today's pre-market trading after the company reported worse-than-expected quarterly revenue results.

Trade Desk reported quarterly earnings of 59 cents per share, which beat the analyst consensus estimate of 56 cents. Quarterly revenue came in at $741.01 million, which missed the analyst consensus estimate of $758.93 million.

Trade Desk shares tumbled 27% to $89.34 in the pre-market trading session.

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

Aspen Aerogels, Inc. (NYSE:ASPN) shares fell 30.6% to $8.15 in pre-market trading after the company issued first-quarter guidance below estimates.
Fastly, Inc. (NYSE:FSLY) shares tumbled 20.6% to $8.00 in pre-market trading. Fastly reported a fourth-quarter loss of 3 cents per share, down from earnings of 1 cent per share in the prior year’s quarter. Quarterly revenue came in at $140.58 million, beating the $138.27 million analyst consensus estimate. Fastly expects first-quarter losses of between 9 cents and 5 cents per share, versus the loss of 1 cent estimate, and revenue in a range of $136 million to $140 million, versus the $137.05 million estimate.
Atai Life Sciences N.V. (NASDAQ:ATAI) fell 14.5% to $2.1800 in pre-market trading after the company announced the pricing of public offering of common shares.
Reddit, Inc. (NYSE:RDDT) fell 14.1% to $185.94 in pre-market trading after the company reported fourth-quarter results.
Open Lending Corporation (NASDAQ:LPRO) shares dipped 13% to $5.02 in pre-market trading.
British American Tobacco p.l.c. (NYSE:BTI) fell 9.6% to $38.66 in pre-market trading.
Unilever PLC (NYSE:UL) declined 6.8% to $55.14 in pre-market trading as the company reported 2024 underlying sales growth of 4.2%.
Pegasystems Inc. (NASDAQ:PEGA) fell 6.2% to $99.50 in pre-market trading following fourth-quarter results.
Lionsgate Studios Corp. (NASDAQ:LION) slipped 3.3% to $8.27 in pre-market trading.