Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of PriceSmart, Inc. (NASDAQ: PSMT) rose sharply in today’s pre-market trading as the company posted better-than-expected earnings for its second quarter.
The company reported quarterly earnings of $1.31 per share, beating market estimates of $1.25 per share. PriceSmart’s quarterly sales came in at $1.29 billion versus expectations of $1.28 billion, according to data from Benzinga Pro.
PriceSmart shares surged 4.6% to $86.90 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Marin Software Incorporated (NASDAQ: MRIN) shares rose 76.1% to $0.5054 in pre-market trading after the company announced upgrades to its Microsoft Corp (NASDAQ: MSFT) advertising integration.
- iCoreConnect Inc. (NASDAQ: ICCT) shares rose 46.4% to $1.64 in pre-market trading. iCoreConnect, last month, closed $2,375,000 convertible note financing.
- Nano Labs Ltd (NASDAQ: NA) gained 35.1% to $2.00 in pre-market trading. Nano Labs recently filed annual report on Form 20-F for fiscal year 2023.
- IN8bio, Inc. (NASDAQ: INAB) shares gained 20.2% to $1.31 in pre-market trading after the company announced new preclinical data from its non-signaling gamma-delta T cell based Chimeric Antigen Receptor-T cell platform.
- Jaguar Health, Inc. (NASDAQ: JAGX) gained 18.8% to $0.1069 in pre-market trading after the company reported approval for all proposals at its special meeting of stockholders.
- Immuron Limited (NASDAQ: IMRN) climbed 16.2% to $3.20 in pre-market trading after the company disclosed record sales (unaudited) of Travelan®.
- Desktop Metal, Inc. (NYSE: DM) shares gained 12.5% to $1.17 in pre-market trading after declining around 4% on Tuesday.
- Yatsen Holding Limited (NYSE: YSG) rose 11.2% to $3.48 in pre-market trading.
- Galmed Pharmaceuticals Ltd. (NASDAQ: GLMD) gained 10.3% to $0.43 in pre-market trading.
Losers
- FutureFuel Corp. (NASDAQ: ASTI) declined 49.1% to $0.14 in pre-market trading after falling over 12% on Tuesday.
- Destiny Tech100 Inc. (NASDAQ: DXYZ) fell 25.8% to $47.50 in pre-market trading after dipping over 35% on Tuesday.
- PainReform Ltd. (NASDAQ: PRFX) fell 23.2% to $1.16 in pre-market trading after declining 11% on Tuesday. PainReform recently announced results from new studies demonstrating the superior in-vitro release (IVR) rates of PRF-110 compared to topical post-surgical pain management products available in the market.
- Velo3D, Inc. (NYSE: VLD) fell 22.4% to $0.3601 in pre-market trading after announcing a proposed public offering.
- Selina Hospitality PLC (NASDAQ: SLNA) shares declined 21.4% to $0.0617 in pre-market trading after jumping over 96% on Tuesday.
- Mobile Global Esports Inc. (NASDAQ: MGAM) fell 19.1% to $0.1748 pre-market trading after surging around 78% on Tuesday.
- VIA optronics AG (NYSE: VIAO) shares fell 18.8% to $0.7298 in pre-market trading. VIA optronics announced intention to voluntarily delist its ADSs from the New York Stock Exchange.
- Biophytis S.A. (NASDAQ: BPTS) fell 10.6% to $0.3522 in pre-market trading. Biophytis shares jumped around 32% on Tuesday after the company reported a year-over-year increase in FY23 EPS results.
- Enzo Biochem, Inc. (NYSE: ENZ) shares fell 7.5% to $1.11 in pre-market trading. Eco Wave.
- SMART Global Holdings Inc. (NASDAQ: SGH) fell 7.4% to $24.00 pre-market trading. Smart Global posted better-than-expected results for its second quarter. The company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate. The company expects third-quarter revenue of $300 million, plus or minus $25 million, versus the $307.864 million estimate.
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