Zscaler, TransMedics Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.

Shares of Zscaler Inc ZS fell sharply in today’s pre-market trading following first-quarter results.

Zscaler reported first-quarter revenue of $628 million, beating the consensus estimate of $606.19 million. The cybersecurity company reported adjusted earnings of 77 cents per share, beating analyst estimates of 63 cents per share, according to Benzinga Pro.

Zscaler expects fiscal second-quarter revenue to be in the range of $633 million to $635 million versus estimates of $633.84 million. The company anticipates second-quarter adjusted earnings of 68 cents to 69 cents per share versus estimates of 69 cents per share.

Zscaler shares dipped 7.4% to $192.95 in the pre-market trading session.

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

• Logistic Properties of the Americas LPA fell 18.3% to $10.70 in pre-market trading after jumping 77% on Monday.
• First Merchants Corp FRME shares dipped 16.6% to $36.40 in pre-market trading.
• indie Semiconductor, Inc. INDI shares declined 14% to $4.54 in pre-market trading after the company announced plans to offer $175 million in convertible senior notes due 2029.
• United States Steel Corporation X shares declined 8.4% to $37.50 in pre-market trading.
• Guardian Pharmacy Services, Inc. GRDN shares fell 7.7% to $22.41 in pre-market trading.
• CleanSpark, Inc. CLSK shares declined 7.2% to $13.48 in pre-market trading following fourth-quarter results.
• TransMedics Group, Inc. TMDX dipped 7.2% to $79.03 in pre-market trading after the company issued worse-than-expected FY24 revenue guidance.
• Afya Limited AFYA shares fell 4.5% to $15.85 in pre-market trading.

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