U.S. stock futures were mostly higher this morning, with the Dow futures gaining more than 100 points on Thursday.

Shares of Cerebras Systems Inc (NASDAQ:CBRS) fell sharply in pre-market trading after the company reported worse-than-expected quarterly sales.

Cerebras Systems reported GAAP quarterly losses of $2.98 per share, according to Benzinga Pro data. Quarterly revenue came in at $180.11 million which missed the Street estimate of $194.2 million by 7.26%.

Cerebras Systems shares dipped 17.4% to $216.00 in pre-market trading.

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

  • Securitize Corp (NYSE:SECZ) shares dipped 19.8% to $6.30 in pre-market trading after the company reported worse-than-expected quarterly financial results.
  • Stubhub Holdings, Inc (NYSE:STUB) tumbled 18% to $7.00 in pre-market trading after the company reported mixed quarterly financial results.
  • Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) declined 11.6% to $32.09 in pre-market trading after the company reported fourth-quarter results.
  • Virgin Galactic Holdings Inc (NYSE:SPCE) fell 10.6% to $2.95 in pre-market trading following second-quarter results.
  • Pelagos Insurance Capital Ltd (NYSE:PLGO) dipped 10% to $21.90 in pre-market trading after the company reported worse-than-expected quarterly financial results.   
  • Spire Global Inc (NYSE:SPIR) declined 7.5% to $13.63 in pre-market trading following second-quarter results.
  • Resideo Technologies Inc (NYSE:REZI) declined 6.8% to $23.96 in pre-market trading after the company posted second-quarter results and named Shane Harrison as chief financial officer.
  • Pan American Silver Corp (NASDAQ:PAAS) fell 6.3% to $49.10 in pre-market trading following weak quarterly results.
  • Cisco Systems Inc (NASDAQ:CSCO) declined 6.2% to $116.21 in pre-market trading following fourth-quarter results.
  • mF International Limited (NASDAQ:MFI) fell 5.1% to $7.50 in pre-market trading.
  • Hycroft Mining Holding Corp (NASDAQ:HYMC) fell 5% to $26.10 in pre-market trading.

Photo via Shutterstock