Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 60 points on Wednesday.
Shares of PriceSmart, Inc. (NASDAQ: PSMT) rose sharply in pre-market trading as the company reported better-than-expected earnings for its first quarter.
Pricesmart posted adjusted earnings of $1.24 per share, beating market estimates of $1.09 per share. The company’s quarterly sales came in at $1.17 billion versus estimates of $1.16 billion, according to data from Benzinga Pro.
PriceSmart shares jumped 10% to $80.20 in pre-market trading.
Here are some big stocks recording gains in today’s pre-market trading session.
- Microvast Holdings, Inc. (NASDAQ: MVST) shares surged 13.8% to $1.40 in pre-market trading after falling 5% on Tuesday.
- SMART Global Holdings Inc. (NASDAQ: SGH) rose 10.7% to $20.45 in pre-market trading after the company posted better-than-expected earnings for its first quarter and announced approval of $75 million share repurchase authorization.
- TG Therapeutics, Inc. (NASDAQ: TGTX) climbed 9.1% to $22.93 in pre-market trading. TG Therapeutics recently announced that it has entered into an agreement with Precision BioSciences to acquire a worldwide license to Precision's Azercabtagene Zapreleucel (azer-cel), an allogeneic CD19 CAR T cell therapy program for autoimmune diseases and all other non-oncology indications.
- Intuitive Surgical, Inc. (NASDAQ: ISRG) rose 5.3% to $348.01 in pre-market trading. Intuitive Surgical said it sees preliminary revenue of $1.93 billion for the fourth quarter, versus market estimates of $1.87 billion.
- Toast, Inc. (NYSE: TOST) gained 5.1% to $19.75 in pre-market trading.
- Fox Factory Holding Corp. (NASDAQ: FOXF) surged 4.7% to $70.00 in pre-market trading.
- Sony Group Corporation (NYSE: SONY) gained 3.6% to $95.42 in pre-market trading. Indian media conglomerate Zee Entertainment Enterprises reportedly reaffirmed its commitment to a merger with Sony Group’s local arm in India, countering recent media speculations suggesting that the $10 billion deal might be on the verge of collapse.
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