Coinbase Posts Downbeat Q2 Results, Joins Amazon, Fluor, Bloom Energy And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling more than 400 points on Friday.

Shares of Coinbase Global, Inc (NASDAQ:COIN) fell sharply in pre-market trading after the company reported worse-than-expected quarterly adjusted EPS and sales.

Coinbase reported second-quarter revenue of $1.5 billion, down 26% quarter-over-quarter. The revenue missed a Street consensus estimate of $1.69 billion, according to data from Benzinga Pro. Adjusted earnings per share of 12 cents missed the Street consensus estimate of $1.35.

Coinbase Global shares dipped 11.2% to $335.62 in the pre-market trading session.

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

• Fluor Corporation (NYSE:FLR) fell 23.1% to $43.70 in pre-market trading after the company reported second-quarter results below estimates and lowered its FY25 adjusted EPS guidance.
• Enovix Corporation (NASDAQ:ENVX) declined 16.8% to $11.15 in pre-market trading after the company released its quarterly financial results.
• Innodata Inc. (NASDAQ:INOD) fell 15.5% to $46.39 in pre-market trading following the release of its second-quarter financial results.
• Bloom Energy Corporation (NYSE:BE) shares fell 15% to $31.82 in pre-market trading following the release of its quarterly financial results.
• Eastman Chemical Company (NYSE:EMN) fell 12.6% to $63.50 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued third-quarter adjusted EPS guidance below estimates.
• Aeva Technologies, Inc. (NASDAQ:AEVA) declined 11% to $16.60 in pre-market trading following quarterly results.
• Columbia Sportswear Company (NASDAQ:COLM) fell 9.4% to $51.26 in pre-market trading after the company cut its FY25 revenue guidance.
• Riot Platforms, Inc. (NASDAQ:RIOT) dipped 9.1% to $12.19 in pre-market trading following the release of its quarterly financial results.
• EchoStar Corporation (NASDAQ:SATS) fell 8.8% to $29.70 in pre-market trading following weak quarterly results.
• Amazon.com, Inc. (NASDAQ:AMZN) dipped 7.6% to $216.27 in pre-market trading after the company reported second-quarter financial results.

Now Read This:

• Wall Street’s Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields

Photo via Shutterstock