Benzinga - by Lisa Levin, Benzinga Editor.
Shares of Direct Digital Holdings, Inc. (NASDAQ: DRCT) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results.
The company posted quarterly earnings of 23 cents per share, beating estimates of 5 cents per share. The company’s sales came in at $59.47 million versus expectations of $34.49 million.
Direct Digital said it sees 2023 revenue of $170 million to $190 million, versus estimates of $128.09 million.
Direct Digital shares jumped 32.6% to $3.46 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- TRACON Pharmaceuticals, Inc. (NASDAQ: TCON) shares surged 116.9% to $0.3471 in pre-market trading after the company reported third-quarter financial results.
- Marpai, Inc. (NASDAQ: MRAI) shares rose 88.6% to $0.7222 in pre-market trading. Marpai recently named Damien Lamendola as its new Chief Executive Officer, replacing Edmundo Gonzalez.
- INVO Bioscience, Inc. (NASDAQ: INVO) shares rose 32.3% to $0.93 in pre-market trading. INVO Bioscience announced commencement of waiver solicitation from holders of the company's common stock purchase warrants.
- Intelligent Bio Solutions Inc. (NASDAQ: INBS) shares climbed 25.7% to $0.5500 in pre-market trading after jumping over 92% on Thursday. The company reported first-quarter financial results on Wednesday.
- AVITA Medical, Inc. (NASDAQ: RCEL) rose 24.7% to $12.32 in pre-market trading after the company reported better-than-expected third-quarter sales.
- Marin Software Incorporated (NASDAQ: MRIN) shares rose 21.3% to $0.3350 in pre-market trading. Marin Software, last week, posted a narrower loss for the third quarter.
- Globavend Holdings Limited (NASDAQ: GVH) rose 19% to $2.19 in pre-market trading after falling around 29% on Thursday. Globavend Holdings recently announced pricing of $6 million initial public offering of 1.5 million shares of common stock at a price of $4 per share.
- Aurora Cannabis Inc. (NASDAQ: ACB) gained 18.6% to $0.5283 in pre-market trading after the company announced its financial and operational results for the second quarter of fiscal year 2024.
- Generation Bio Co. (NASDAQ: GBIO) shares rose 15.4% to $1.20 in pre-market trading following strong quarterly results.
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Losers- Groupon, Inc. (NASDAQ: GRPN) dipped 33.5% to $9.00 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
- Plug Power Inc. (NASDAQ: PLUG) shares fell 29.4% to $4.18 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
- The Trade Desk, Inc. (NASDAQ: TTD) shares fell 26.7% to $56.30 in pre-market trading after the company reported third-quarter earnings and issued fourth-quarter revenue guidance below estimates.
- 2U, Inc. (NASDAQ: TWOU) shares fell 24% to $1.81 in pre-market trading after the company reported third-quarter earnings and lowered its 2023 revenue outlook.
- BIOLASE, Inc. (NASDAQ: BIOL) shares fell 22.1% to $1.09 in pre-market trading after the company announced weak quarterly results.
- Aptevo Therapeutics Inc. (NASDAQ: APVO) shares fell 21.3% to $0.1833 in pre-market trading.
- Fortress Biotech, Inc. (NASDAQ: FBIO) fell 20.7% to $1.65 in pre-market trading after the company reported launch of a proposed public offering.
- Near Intelligence, Inc. (NASDAQ: NIR) fell 20.6% to $0.22 in pre-market trading after surging around 62% on Thursday.
- Vuzix Corporation (NASDAQ: VUZI) fell 16.3% to $2.61 in pre-market after the company third-quarter financial results.
- Diageo plc (NYSE: DEO) shares fell 13.7% to $138.03 in pre-market trading. Diageo said it sees organic operating profit growth to slow during the first half of the year.
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