Applied Digital Posts Weak Revenue, Joins Allegro MicroSystems And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

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

Shares of Applied Digital Corporation (NASDAQ:APLD) fell sharply in today's pre-market trading following weak quarterly revenue.

Applied Digital reported third-quarter revenue of $52.9 million, missing analyst estimates of $63.42 million, according to Benzinga Pro. The digital infrastructure company reported a third-quarter adjusted loss of eight cents per share, beating analyst estimates for a loss of 11 cents per share.

Applied Digital shares dipped 10.8% to $4.79 in the pre-market trading session.

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

• Emerald Holding, Inc. (NYSE:EEX) fell 12.3% to $3.11 in today's pre-market trading.
• Allegro MicroSystems, Inc. (NASDAQ:ALGM) fell 12.3% to $19.29 in pre-market trading after ON Semiconductor withdrew its acquisition proposal.
• Arlo Technologies, Inc. (NYSE:ARLO) shares dipped 11.7% to $8.01 in pre-market trading. Arlo Technologies will hold a conference call on Thursday, May 8 to discuss the Company’s first quarter results.
• IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) dipped 11.2% to $12.32 in pre-market trading after gaining around 9% on Monday.
• Cullinan Therapeutics, Inc. (NASDAQ:CGEM) shares dipped 10.7% to $6.91 in pre-market trading.
• 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) shares fell 10.7% to $4.75 in pre-market trading.
• LATAM Airlines Group S.A. (NYSE:LTM) dipped 8.2% to $27.01 in pre-market trading.
• Cytokinetics, Incorporated (NASDAQ:CYTK) fell 7.1% to $37.00 in pre-market trading.

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