With Energy (XLE) down 2.2%, this looks like a sector-led move rather than a company-specific surprise.
The energy sector benchmark, XLE, fell in pre-market trading, driven by a sharp drop in crude oil prices. Oil prices declined over 5% following a pause in military actions between the United States and Iran, which has raised hopes for de-escalation in the Middle East. This easing of geopolitical tensions has reduced the risk premium that recently supported higher oil prices, leading to a broad sell-off in energy-related equities.