Trade Desk Posts Downbeat Revenue, Joins Aspen Aerogels, Fastly And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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

Shares of The Trade Desk, Inc. 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. ASPN shares fell 30.6% to $8.15 in pre-market trading after the company issued first-quarter guidance below estimates.
• Fastly, Inc. 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. 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. RDDT fell 14.1% to $185.94 in pre-market trading after the company reported fourth-quarter results.
• Open Lending Corporation LPRO shares dipped 13% to $5.02 in pre-market trading.
• British American Tobacco p.l.c. BTI fell 9.6% to $38.66 in pre-market trading.
• Unilever PLC UL declined 6.8% to $55.14 in pre-market trading as the company reported 2024 underlying sales growth of 4.2%.
• Pegasystems Inc. PEGA fell 6.2% to $99.50 in pre-market trading following fourth-quarter results.
• Lionsgate Studios Corp. LION slipped 3.3% to $8.27 in pre-market trading.

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