U.S. stock futures higher, Nasdaq 100 up 150 pts. National CineMedia shares down 16.4% on weak Q2 results and Captivate Holdings acquisition. Other stocks also falling in pre-market trading.
National CineMedia missed Q2 forecasts (10¢ loss vs 9¢, $58.4M revenue vs $59.95M target); shares plunged 16.4%. Earnings misses cascaded across multiple sectors, from Borr Drilling to AbCellera, signaling Q2 weakness in corporate profit expectations.
U.S. stock futures were mostly higher this morning, with the Nasdaq 100 futures gaining more than 150 points on Wednesday.
Shares of National CineMedia, Inc.
(NASDAQ:NCMI) fell sharply in pre-market trading after the company reported worse-than-expected second-quarter financial results.
Also, the company acquired Captivate Holdings.
National CineMedia reported quarterly losses of 10 cents per share which missed the analyst consensus estimate of losses of 9 cents per share.
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