Sonoco Products Posts Downbeat Q1 Results, Joins Target Hospitality, Calix And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Benzinga·04/22/2026 12:02:08

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U.S. stock futures were higher this morning, with the Dow futures gaining around 250 points on Wednesday.

Shares of Sonoco Products Co (NYSE:SON) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results.

Sonoco reported quarterly earnings of $1.20 per share which missed the analyst consensus estimate of $1.21 per share. The company reported quarterly sales of $1.676 billion which missed the analyst consensus estimate of $1.713 billion.

Sonoco Products shares dipped 5.7% to $53.55 in pre-market trading.

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

Target Hospitality Corp. (NASDAQ:TH) dipped 10.3% to $14.26 in pre-market trading after the company announced a secondary offering of 7,000,000 shares.
Community Health Systems Inc (NYSE:CYH) fell 8.1% to $2.85 in pre-market trading after the company reported mixed first-quarter financial results.
Calix, Inc. (NASDAQ:CALX) fell 7.3% to $46.05 in pre-market trading after posting first-quarter results.
TE Connectivity PLC (NYSE:TEL) dipped 5.8% to $228.88 in pre-market trading following second-quarter results.
Valneva SE (NASDAQ:VALN) fell 4% to $5.70 in pre-market trading.
Vertiv Holdings Co (NYSE:VRT) shares slipped 4% to $300.00 in pre-market trading following quarterly results.
Artiva Biotherapeutics Inc (NASDAQ:ARTV) shares declined 3.8% to $12.06 in pre-market trading.

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