Shares of AXT, Inc. AXTI surged in pre-market trading post a stellar fourth-quarter performance.
AXT reported a GAAP loss of 9 cents per share, exceeding market expectations of a 15-cent loss. The company’s quarterly sales topped estimates at $20.43 million, eclipsing the projected $17.57 million, as per data from Benzinga Pro.
The market responded fervently, propelling AXT shares up by a staggering 36% to $3.10.
Let’s dive into the other key players making waves in pre-market trading.
Gainers
- Telesis Bio, Inc. TBIO surged 88% to $0.8506 following a European patent grant for innovative biological technology.
- Intuitive Machines, Inc. LUNR witnessed a remarkable 63.2% climb to $13.51 after receiving praises from SpaceX CEO Elon Musk for a groundbreaking lunar achievement.
- Ocean Biomedical, Inc. OCEA saw a 53% surge to $0.84 in early trading.
- BowFlex Inc. BFX rebounded with a 41.8% leap to $0.2382 after a recent retreat.
- Carvana Co. CVNA soared 26.4% to $66.22 after posting robust fourth-quarter results.
- Beneficient BENF rose 22% to $0.2681, despite a third-quarter loss disclosed in mid-February.
- Maravai LifeSciences Holdings, Inc. MRVI climbed 20.9% to $6.18 on strong quarterly results.
- Trinity Place Holdings Inc. TPHS advanced 15.9% to $0.2098 following favorable fourth-quarter outcomes.
- Block, Inc. SQ surged 12.7% to $76.62 despite a mixed fourth-quarter report; bullish first-quarter gross profit projections provided a silver lining.
Losers
- Charge Enterprises, Inc. CRGE nosedived 49.5% to $0.0368 after a decision to delist common shares by the Nasdaq Hearings Panel.
- Applied Optoelectronics, Inc. AAOI tumbled 38.2% to $12.58 following the release of fourth-quarter results.
- Ascent Solar Technologies, Inc. ASTI slipped 20.6% to $0.5001 before market opening.
- Smith Micro Software, Inc. SMSI plummeted 20.5% to $0.65 post-weak quarterly sales announcement.
- La Rosa Holdings Corp. LRHC dropped 17.8% to $2.25 following a massive leap on Thursday; recent acquisition news made waves.
- indie Semiconductor, Inc. INDI fell 15% to $5.86 due to disappointing quarterly sales figures.
- ModivCare Inc. MODV saw a 14.2% decline to $37.64 after a weak sales forecast for the first quarter.
- Ardelyx, Inc. ARDX decreased 13.3% to $7.65 post a mixed fourth-quarter financial report.
- Energy Focus, Inc. EFOI dropped 12.5% to $2.04 ahead of market open.
- Booking Holdings Inc. BKNG fell by 9.1% to $3,545.61 following the release of fourth-quarter financial results.
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