U.S. stock futures showed a mixed picture Tuesday morning, with Dow futures edging up about 0.1% while several individual stocks faced selling pressure.
Leading the decliners was Toll Brothers Inc. (TOL), which saw shares fall sharply after the luxury homebuilder delivered a classic "good news, bad news" earnings report for its fourth quarter of fiscal 2025. The company posted revenue of $3.42 billion, comfortably beating the consensus estimate of $3.30 billion. But the bottom line disappointed, with earnings coming in at $4.58 per share versus analyst expectations of $4.89 per share.
When it comes to earnings season, missing on the profit line tends to matter more than topping on revenue, and Toll Brothers shares reflected that reality, dropping 3.5% to $131.45 in pre-market trading.
Other Notable Pre-Market Decliners
Several other stocks joined the early morning slide:
Almonty Industries Inc. (ALM) led the losers, plunging 14.2% to $6.78 after announcing an upsized $112.5 million underwritten offering of common shares in the U.S. Stock offerings dilute existing shareholders, which typically sends shares lower as investors price in the increased share count.
Cemtrex Inc. (CETX) gave back some of Monday's massive gains, dipping 11.4% to $6.25 after surging 130% the previous session. Taking profits after a triple-digit gain is pretty standard market behavior.
Fulcrum Therapeutics, Inc. (FULC) fell 4.9% to $12.35 following news of a proposed $150 million public offering of common stock. Once again, dilution concerns weighed on the shares.
Graphic Packaging Holding Company (GPK) declined 4.2% to $14.93. The company announced that Robbert Rietbroek would take over as President and CEO, replacing Michael Doss, while also implementing cost and production optimization initiatives.
Baidu, Inc. (BIDU) dropped 3.8% to $125.05 after gaining more than 3% on Monday, in what appeared to be a simple pullback after the previous day's advance.
SLM Corporation (SLM) fell 3.5% to $29.77 in pre-market trading with no specific news driving the decline.
MINISO Group Holding Limited (MNSO) slipped 2.3% to $19.46, also giving back some of Monday's gains after adding over 3% the previous session.