Pegasystems Posts Downbeat Q2 Results, Joins Adtran, Dyne Therapeutics And Other Big Stocks Moving Lower

U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling more than 200 points on Wednesday.

Shares of Pegasystems Inc (NASDAQ:PEGA) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results.

Pegasystems reported quarterly earnings of 35 cents per share which missed the analyst consensus estimate of 43 cents per share.

The company reported quarterly sales of $420.716 million which missed the analyst consensus estimate of $426.601 million.

Pegasystems shares dipped 16% to $26.00 in pre-market trading.