StockNews.AI
LOVE
Benzinga
21 days

Lovesac, Avidity Biosciences, Veritone And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. Lovesac's Q2 losses of 45 cents beat expectations of 71 cents. 2. Quarterly sales of $160.53M exceeded estimates of $160.23M. 3. EPS guidance for FY2026 was significantly reduced from $0.80-$1.36 to $0.52-$1.05. 4. Shares tumbled 13% in pre-market trading to $18.05. 5. U.S. stock futures showed small gains with Dow up 0.2%.

3m saved
Insight
Article

FAQ

Why Bearish?

Despite beating EPS expectations, the significant guidance cut and sharp drop in shares reflects negative investor sentiment. Historical context shows similar scenarios have led to further declines.

How important is it?

The article highlights critical earnings data and revised guidance which are key for investors.

Why Short Term?

The immediate reaction to earnings reports usually impacts share prices shortly after, as evident in previous earnings failures at Lovesac.

Related Companies

Related News