Discover Financial Reports Q4 Loss Discover Financial Reports Q4 Loss

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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.
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