Block Posts Downbeat Q3 Results, Joins Archer Aviation, DraftKings And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Core Insights - U.S. stock futures are lower, with Nasdaq futures down approximately 100 points [1] - Block, Inc. reported disappointing third-quarter results, with earnings of 54 cents per share, missing the consensus estimate of 67 cents, and revenue of $6.11 billion, below the expected $6.312 billion [1] Company-Specific Summaries - Block, Inc. shares fell 14.4% to $60.75 in pre-market trading following the earnings report [2] - Treace Medical Concepts, Inc. shares dropped 36.4% to $3.96 after cutting FY25 sales guidance below estimates [4] - AirSculpt Technologies, Inc. saw a decline of 28.6% to $7.48 after posting disappointing quarterly results [4] - Intellia Therapeutics, Inc. tumbled 27.5% to $8.89 due to weak quarterly sales [4] - Fox Factory Holding Corp. fell 26.2% to $16.21 after reporting worse-than-expected results and issuing below-estimate fourth-quarter guidance [4] - Power Solutions International, Inc. shares decreased by 22.5% to $63.00 following third-quarter results [4] - Opendoor Technologies Inc. declined 22.5% to $5.05 after reporting third-quarter results [4] - Universal Display Corporation fell 15.4% to $114.50 due to weak quarterly results [4] - Archer Aviation Inc. declined 11.4% to $7.85 after announcing the acquisition of Hawthorne Airport [4] - DraftKings Inc. shares fell 8% to $25.77 after reporting worse-than-expected sales results and cutting FY25 sales guidance [4]