Forward Air Posts Downbeat Q1 Results, Joins Upwork, HubSpot And Other Big Stocks Moving Lower In Friday’s Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.

Shares of Forward Air Corp (NASDAQ:FWRD) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results.

Forward Air reported first-quarter revenue of $582 million, down from $613 million in the prior-year quarter. The company posted a net loss of $40.2 million, compared to a net loss of $61.2 million a year earlier.

Forward Air shares dipped 42.8% to $9.90 in pre-market trading.

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

• Kodiak AI Inc (NASDAQ:KDK) fell 33.7% to $6.03 in pre-market trading after the company reported first-quarter financial results. The company announced a $100 million common stock and warrant private placement.
• TSS Inc (NASDAQ:TSSI) declined 24.4% to $11.97 in pre-market trading after the company reported first-quarter financial results.
• Upwork Inc (NASDAQ:UPWK) tumbled 22.6% to $8.21 in …

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