Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Shares of Robinhood Markets, Inc. (NASDAQ: HOOD) shares rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results.
Robinhood reported fourth-quarter revenue of $471 million, which was up 24% year-over-year. The revenue beat a Street consensus estimate of $456.8 million, according to data from Benzinga Pro. Robinhood reported earnings per share of 3 cents, which beat a Street consensus estimate of a loss of 1 cent per share.
Robinhood shares jumped 13.8% to $13.47 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Brera Holdings PLC (NASDAQ: BREA) gained 397% to $5.07 in pre-market trading.
- Earlyworks Co., Ltd (NASDAQ: ELWS) gained 176.9% to $1.26 in pre-market trading after falling around 8% on Tuesday.
- Sentage Holdings Inc. (NASDAQ: SNTG) shares jumped 107.1% to $4.70 in pre-market trading.
- CCSC Technology International Holdings Limited (NASDAQ: CCTG) shares rose 82.4% to $5.89 in pre-market trading after dipping around 10% on Tuesday.
- Fresh2 Group Limited (NASDAQ: FRES) shares rose 47.8% to $0.7139 in pre-market trading after gaining around 35% on Tuesday.
- VBI Vaccines Inc. (NASDAQ: VBIV) shares surged 18.3% to $0.7810 in pre-market trading. Brii Biosciences agreed to acquire VBI's IP rights in BRII-179 (VBI-2601) and plans to initiate technology transfer to expand clinical and commercial supplies.
- Gannett Co., Inc. (NYSE: GCI) shares gained 18.2% to $2.60 in pre-market trading after falling over 5% on Tuesday.
- Iris Energy Limited (NASDAQ: IREN) shares rose 17.8% to $8.15 in pre-market trading.
- Lyft, Inc. (NASDAQ: LYFT) shares gained 17.7% to $14.28 in pre-market trading after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
- Azitra, Inc. (NYSE: AZTR) shares declined 64.4% to $0.31 in pre-market trading. Azitra priced its $5 million public offering of 16.667 million common shares at $0.30 per share.
- QuidelOrtho Corporation (NASDAQ: QDEL) fell 32.6% to $45.03 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.
- Ohmyhome Limited (NASDAQ: OMH) shares declined 29.2% to $1.60 in pre-market trading. Ohmyhome priced upsized $4.8 million public offering of 555,555 ordinary shares at $1.35 per share.
- Nukkleus Inc. (NASDAQ: NUKK) shares declined 27.6% to $1.42 in pre-market trading after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.
- Esports Entertainment Group, Inc. (NASDAQ: GMBL) shares dipped 27% to $1.35 in pre-market trading. Esports Entertainment Group announced voluntary delisting from the Nasdaq and transfer to the OTCQB Venture Market.
- BioNexus Gene Lab Corp. (NASDAQ: BGLC) shares fell 26.1% to $1.16 in pre-market trading after jumping 282% on Tuesday.
- Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) shares fell 25.4% to $1.26 in pre-market trading.
- Upstart Holdings, Inc. (NASDAQ: UPST) fell 19.7% to $26.39 in pre-market trading after the company issued first-quarter revenue guidance below estimates.
- BlackLine, Inc. (NASDAQ: BL) declined 14.2% to $50.00 in pre-market trading after reporting quarterly results.
- Airbnb, Inc. (NASDAQ: ABNB) shares declined 6.1% to $141.67 in pre-market trading after the company reported fourth-quarter financial results.
Now Read This: Kraft Heinz, Lyft And 3 Stocks To Watch Heading Into Wednesday
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.