Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of AXT, Inc. (NASDAQ: AXTI) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results.
AXT posted GAAP loss of 9 cents per share, compared to market expectations for a loss of 15 cents per share. The company’s quarterly sales came in at $20.43 million versus estimates of $17.57 million, according to data from Benzinga Pro.
AXT shares jumped 36% to $3.10 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Telesis Bio, Inc. (NASDAQ: TBIO) gained 88% to $0.8506 in pre-market trading after the company was granted EUR Patent #3503915 for "Genetically Engineered Vibrio Natriegens (Host Organism For Cloning And Manipulating DNA)."
- Intuitive Machines, Inc. (NASDAQ: LUNR) shares rose 63.2% to $13.51 in pre-market trading. SpaceX CEO Elon Musk, lauds Intuitive Machinesfor their groundbreaking moon landing, marking a significant milestone in U.S. space exploration.
- Ocean Biomedical, Inc. (NASDAQ: OCEA) shares surged 53% to $0.84 in pre-market trading.
- BowFlex Inc. (NYSE: BFX) shares jumped 41.8% to $0.2382 in pre-market trading after dipping 20% on Thursday
- Carvana Co. (NYSE: CVNA) shares gained 26.4% to $66.22 in pre-market trading after the company reported fourth-quarter financial results.
- Beneficient (NASDAQ: BENF) gained 22% to $0.2681 in pre-market trading. On feb. 13, Beneficient posted a third-quarter loss of $1.98 per share.
- Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) shares rose 20.9% to $6.18 in pre-market trading after the company reported better-than-expected fourth-quarter financial results.
- Trinity Place Holdings Inc. (NYSE: TPHS) gained 15.9% to $0.2098 in pre-market trading following fourth-quarter results.
- Block, Inc. (NYSE: SQ) shares gained 12.7% to $76.62 in pre-market trading. Block reported downbeat earnings for its fourth quarter, while sales topped estimates. The company said it sees first-quarter gross profit of $2.0 billion to $2.02 billion, which would be up 24% year-over-year at the midpoint.
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Losers- Charge Enterprises, Inc. (NASDAQ: CRGE) fell 49.5% to $0.0368 in pre-market trading. Charge Enterprises announced decision of Nasdaq Hearings Panel to delist common shares.
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) shares fell 38.2% to $12.58 in pre-market trading after reporting fourth-quarter results.
- Ascent Solar Technologies, Inc. (NASDAQ: ASTI) dipped 20.6% to $0.5001 in pre-market trading.
- Smith Micro Software, Inc. (NASDAQ: SMSI) shares fell 20.5% to $0.65 after posting weak quarterly sales.
- La Rosa Holdings Corp. (NASDAQ: LRHC) shares dipped 17.8% to $2.25 in pre-market trading after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.
- indie Semiconductor, Inc. (NASDAQ: INDI) shares fell 15% to $5.86 in pre-market trading following weak quarterly sales.
- ModivCare Inc. (NASDAQ: MODV) fell 14.2% to $37.64 in pre-market trading after the company issued weak sales forecast for the first quarter.
- Ardelyx, Inc. (NASDAQ: ARDX) fell 13.3% to $7.65 in pre-market trading after the company reported mixed fourth-quarter financial results.
- Energy Focus, Inc. (NASDAQ: EFOI) fell 12.5% to $2.04 in pre-market trading.
- Booking Holdings Inc. (NASDAQ: BKNG) shares fell 9.1% to $3,545.61 in pre-market trading after the company reported fourth-quarter financial results.
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