QuickLogic Posts Downbeat Q1 Results, Joins Resideo Technologies And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Wednesday.

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

QuickLogic reported quarterly losses of 8 cents per share which missed the analyst consensus estimate of losses of 5 cents per share. The company reported quarterly sales of $5.051 million which missed the analyst consensus estimate of $5.508 million.

QuickLogic shares dipped 6.6% to $17.80 in pre-market trading.

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

• Ring Energy Inc (NYSE:REI) fell 18.4% to $1.45 in …

Full story available on Benzinga.com