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    Qualcomm, Wolfspeed, Helmerich and Payne And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

    Benzinga·02/05/2026 13:05:07
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    U.S. stock futures were mixed this morning, with the Dow futures falling around 0.2% on Thursday.

    Shares of Qualcomm Inc (NASDAQ:QCOM) fell sharply in pre-market trading after the company reported first-quarter financial results and issued second-quarter guidance below estimates.

    Qualcomm reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion according to data from Benzinga Pro. The company reported adjusted earnings per share of $3.50, which beat a Street consensus estimate of $3.40.

    Qualcomm’s guidance is for second-quarter revenue in a range of $10.20 billion to $11.0 billion, versus a Street consensus estimate of $11.11 billion according to data from Benzinga Pro. The company’s guidance is for second-quarter adjusted earnings per share of $2.45 to $2.65, versus a Street consensus estimate of $2.88.

    Qualcomm shares dipped 11.3% to $132.00 in pre-market trading.

    Here are some other stocks moving lower in pre-market trading.

    • Cerence Inc (NASDAQ:CRNC) dipped 18.4% to $8.80 in pre-market trading after the company reported mixed first-quarter financial results and issued FY25 adjusted EPS guidance below estimates.
    • Wolfspeed Inc (NYSE:WOLF) tumbled 12.8% to $15.00 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued third-quarter sales guidance below estimates.
    • Kemper Corp (NYSE:KMPR) fell 11% to $34.27 in pre-market trading after the company reported mixed quarterly financial results.
    • Fluence Energy Inc (NASDAQ:FLNC) dipped 10.6% to $25.90 in pre-market trading fter the company reported mixed first-quarter financial results.
    • Hycroft Mining Holding Corporation (NASDAQ:HYMC) shares fell 6.4% to $36.78 in pre-market trading after declining more than 6% on Wednesday.
    • Endeavour Silver Corp (NYSE:EXK) fell 5.7% to $11.20 in pre-market trading after gaining over 2% on Wednesday.
    • First Majestic Silver Corp (NYSE:AG) declined 5.6% to $21.16 in pre-market trading after gaining around 2% on Wednesday.
    • Helmerich and Payne Inc (NYSE:HP) fell 5.1% to $34.56 in pre-market trading after reporting a loss for the first quarter.
    • Coherent Corp (NYSE:COHR) slipped 3.1% to $204.44 in pre-market trading following second-quarter results.

    Photo via Shutterstock