Wall Street shares are seen higher today, but the top loser in pre-market New York deals was Pier 1 Imports Inc (NYSE:PIR).
Shares in the home furnishing seller plummeted 15.67% to US%2.53 in pre-market deals after its outlook for the second quarter reported in its first quarter numbers fell short of Wall Street estimates.
For the three months (Q2) the firm is forecasting a loss of between US$0.58 and US$54 a share.
Analysts had expected a loss of US$0.21 a share.
Pier 1's first-quarter loss was US$28.5mln, compared with a loss of US$3 million in the year-ago period.
Rite Aid Corp (NYSE:RAD), the drug store chain, shares nudged 0.51% higher in pre-market, having closed 0.76% higher on Wednesday.
The company reported a first-quarter net income of US$214.4mln, after reporting a loss in the same period a year earlier. Revenue for the three months was US$5.39bn.
Sticking to the retail theme, Bed Bath & Beyond Inc (NASDAQ:BBY), the New Jersey headquartered store, saw shares lose 5.45% to US$19.08 in pre-market deals.
It came as the company disappointed with its same-store sales stats in first quarter even though earnings topped Wall Street estimates.
Same-store sales for the first quarter, however, declined 0.6% while analysts were expecting a gain of 0.1%.
Meanwhile, Accenture plc (NYSE:ACN) shares added 1.71% before the bell having fallen yesterday as the management consultant's third quarter profit and revenue beat Wall Street estimates.
The group revealed that revenue from its digital, cloud and security-related services made up around an impressive 60% of total revenue.
The company has spent over US$3bn over the last three years on dozens of acquisitions to boost its digital and cloud services to compete with the big players.
Chipotle Mexican Grill Inc (NYSE:CMG) shares shed 3.11% to US$443 in pre-market as investors gave shares a grilling after it revealed it will shut up to 65 restaurants in a shake-up under CEO Brian Niccol.
The firm also said it was taking a restructuring charge of as much as US$135mln.