Intuit, Osisko Development, Borr Drilling And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Benzinga·05/21/2026 12:02:07
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U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Thursday.
Shares of Intuit Inc (NASDAQ:INTU) fell sharply in pre-market trading following third-quarter results.
Intuit posted upbeat financial results for the third quarter of fiscal 2026. Intuit guided for fiscal fourth-quarter revenue growth of approximately 11% to 12%. The company anticipates fourth-quarter adjusted earnings of $3.56 to $3.62 per share versus estimates of $3.20 per share.
Intuit also announced plans to reduce its workforce by 17% to simplify its organizational structure.
Intuit shares dipped 12.7% to $335.36 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- Osisko Development Corp (NYSE:ODV) shares dipped 11.6% to $2.60 in pre-market trading. Osisko Development priced $275 million 4.125% convertible senior notes at a 25% premium to fund Cariboo gold project.
- Borr Drilling Ltd (NYSE:BORR) declined 7% to $5.75 in pre-market trading following first-quarter results.
- Phoenix Asia Holdings Ltd (NASDAQ:PHOE) fell 6.1% to $14.97 in pre-market trading.
- Rocket Lab Corp (NASDAQ:RKLB) declined 5.3% to $127.20 in pre-market trading after the company filed to offer and sell up to $3 billion of common stock.
- RLX Technology Inc – ADR (NYSE:RLX) fell 4.5% to $2.00 in pre-market trading. RLX Technology reported first-quarter results on Wednesday.
- MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) fell 4.2% to $360.00 in pre-market trading after gaining around 5% on Wednesday.
- Arrow Financial Corp (NASDAQ:AROW) declined 4.2% to $35.01 in pre-market trading.
- Albertsons Companies Inc (NYSE:ACI) fell 4.1% to $16.35 in pre-market trading.
- Burford Capital Limited (NYSE:BUR) fell 4.1% to $4.48 in pre-market trading.
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