As dawn breaks over the financial landscape, AXT, Inc. AXTI emerges as a beacon of hope, with its shares illuminating the market, surging after the company revealed fourth-quarter financial results that surpassed expectations.
The firm reported a GAAP loss of 9 cents per share, trumping market forecasts of a 15 cents per share loss. AXT’s quarterly sales came in at $20.43 million, exceeding estimates of $17.57 million, based on insights from industry experts.
In the predawn hours, AXT shares saw a meteoric rise of 36%, reaching $3.10 in pre-market trading.
Shifting the spotlight to other early risers in the trading realm.
Movers and Shakers
- Telesis Bio, Inc. TBIO surged 88% to $0.8506 in pre-market trading following the grant of EUR Patent #3503915 for revolutionary genetic engineering.
- Intuitive Machines, Inc. LUNR witnessed a 63.2% upswing to $13.51, earning praise from SpaceX’s Elon Musk for their pioneering moon landing success.
- Ocean Biomedical, Inc. OCEA roared ahead by 53% to $0.84 in pre-market trading.
- BowFlex Inc. BFX bounced back with a 41.8% leap to $0.2382 after a recent downturn.
- Carvana Co. CVNA soared 26.4% to $66.22 in pre-market trading following their fourth-quarter financial report.
- Beneficient BENF climbed 22% to $0.2681 in pre-market trading, despite facing a substantial loss in the prior quarter.
- Maravai LifeSciences Holdings, Inc. MRVI marked a 20.9% surge to $6.18 in early trade after announcing robust fourth-quarter financial results.
- Trinity Place Holdings Inc. TPHS saw a 15.9% rise to $0.2098 in pre-market action following their latest quarterly performance.
- Block, Inc. SQ surged 12.7% to $76.62 in pre-market trading, despite somewhat somber fourth-quarter results, with sales surpassing estimates.
In The Shadow
- Charge Enterprises, Inc. CRGE plummeted 49.5% to $0.0368 in pre-market trading following the decision to delist common shares by the Nasdaq Hearings Panel.
- Applied Optoelectronics, Inc. AAOI dipped 38.2% to $12.58 in pre-market trading after their fourth-quarter financial report disappointed investors.
- Ascent Solar Technologies, Inc. ASTI retreated 20.6% to $0.5001 in pre-market trade.
- Smith Micro Software, Inc. SMSI took a 20.5% hit, sliding to $0.65 post unveiling weak quarterly sales.
- La Rosa Holdings Corp. LRHC declined 17.8% to $2.25 in pre-market trading after a remarkable rally the day before.
- indie Semiconductor, Inc. INDI slipped 15% to $5.86 in pre-market trading due to disappointing quarterly figures.
- ModivCare Inc. MODV fell 14.2% to $37.64 in pre-market trading post weak sales forecast for the coming quarter.
- Ardelyx, Inc. ARDX dropped 13.3% to $7.65 in pre-market trading after revealing mixed fourth-quarter financial outcomes.
- Energy Focus, Inc. EFOI stumbled 12.5% to $2.04 in pre-market trading.
- Booking Holdings Inc. BKNG saw a 9.1% decline to $3,545.61 in pre-market trading after their fourth-quarter financial reveal.
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