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Mondelez International, Stride, Varonis Systems And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Akebia Therapeutics (NASDAQ:AKBA), Caesars Entertainment (NASDAQ:CZR)
Benzingaยท2025-10-29 12:05

Summary of Key Points Core Viewpoint - U.S. stock futures showed mixed results, with notable declines in certain stocks following disappointing earnings guidance and results from various companies [1][2]. Company-Specific Summaries - Mondelez International Inc lowered its FY2025 adjusted EPS guidance from $3.02 to $2.86, leading to a 5.8% drop in its share price to $56.74 in pre-market trading [2]. - Mondelez reported quarterly earnings of 73 cents per share, surpassing the analyst consensus estimate of 71 cents, and quarterly sales of $9.744 billion, exceeding the consensus estimate of $9.713 billion [1]. - Stride Inc experienced a significant decline of 36.4% to $97.69 in pre-market trading after providing second-quarter sales guidance below analyst estimates [4]. - Varonis Systems Inc shares fell 30.1% to $44.06 after reporting third-quarter revenue below estimates and offering fourth-quarter guidance that was also below expectations [4]. - Akebia Therapeutics Inc's shares dropped 29.9% to $2.17 after announcing it would not initiate the VALOR trial due to a lack of alignment with the FDA on trial design [4]. - Inventiva's shares dipped 15.2% to $4.47 after a previous decline of 24% on Tuesday [4]. - DBV Technologies SA saw a 10.7% decline to $13.90 following its third-quarter results [4]. - Caesars Entertainment Inc reported third-quarter earnings and revenue below estimates, resulting in an 8.9% drop in its share price to $20.13 [4]. - Enphase Energy Inc's shares fell 8.5% to $33.59 after providing fourth-quarter sales guidance below analyst estimates [4]. - Ryerson Holding Corp declined 7.1% to $21.90 following the announcement of a merger agreement with Olympic Steel [4]. - Modine Manufacturing Co's shares dipped 6.3% to $151.83 after its second-quarter results [4]. - Nokia Oyj's shares declined 5.2% to $7.37 in pre-market trading [4].