Discover Financial Reports Q4 Loss Discover Financial Reports Q4 Loss

Photo of author

By Ronald Tech

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Thursday.

Shares of Discover Financial Services DFS fell sharply in Thursday’s pre-market trading after the company reported a 62% plunge in its profit for the fourth quarter on Wednesday.

Discover reported quarterly earnings of $1.54 per share which fell below the Street’s estimate of $2.52. Revenue clocked in at $4.196 billion, net of interest expense, beating analyst estimates of $4.10 billion, according to data from Benzinga Pro.

Discover Financial Services shares dipped 10.1% to $97.80 in pre-market trading.

Here are some big stocks recording gains in today’s pre-market trading session.

  • Plug Power Inc. PLUG shares dipped 15.2% to $2.32 in pre-market trading. In a prospectus filed with the SEC, the company said it has entered into an at-market issuance sales agreement with B. Riley Securities regarding the sale of up to $1 billion in stock. The sale will be made from time to time, with B. Riley acting as a sales agent.
  • Nukkleus Inc. NUKK fell 12.8% to $1.231 in pre-market trading after falling 6% on Wednesday. Nukkleus announced its intention to expand its investment in Jacobi Asset Management, known for sponsoring Europe’s first approved Bitcoin spot ETF.
  • Talos Energy Inc. TALO declined 5.1% to $11.90 in pre-market trading. Talos Energy priced $351 million upsized underwritten public offering of 30 million common stock.
  • Spirit Airlines, Inc. SAVE shares fell 3.9% to $5.90 in pre-market trading after falling over 22% on Wednesday on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company.
  • On Holding AG ONON fell 2.6% to $26.99 in pre-market trading.
  • Ballard Power Systems Inc. BLDP shares fell 2.5% to $3.10 in pre-market trading.
  • e.l.f. Beauty, Inc. ELF shares declined 2.1% to $159.78 in pre-market trading. Peabody Energy will replace e.l.f. Beauty in the S&P SmallCap 600, effective prior to opening of trading on Jan. 23. e.l.f. Beauty will replace Spirit Realty Capital in the S&P MidCap 400.
See also  Explosive Documentaries Unveiling Financial Secrets


Now Read This: Investor Optimism Eases Further As Treasury Yields Rise; Dow Falls For Third Consecutive Session

Don’t forget to check out our premarket coverage here