In today’s pre-market session, U.S. stock futures took a slight hit, with the Dow futures dipping over 50 points.
Li Auto Inc. (LI) shares soared in pre-market trading following the release of its fourth-quarter financial results, surpassing market estimates and providing optimistic first-quarter guidance.
The company reported adjusted earnings of 30 cents per share, topping the anticipated 29 cents per share. Quarterly sales stood at $5.88 billion, exceeding expectations of $5.48 billion.
This positive news sent Li Auto shares up by 8% to $37.56 in pre-market hours.
Several other big stocks also made impressive gains ahead of the trading day:
- ImmunityBio, Inc. (IBRX) saw a 12.3% increase to $3.93 in pre-market trading after a 33% drop on Friday.
- Bowlero Corp. (BOWL) gained 6.5% to $13.05 in pre-market hours.
- Teva Pharmaceutical Industries Limited (TEVA) rose by 5.3% to $13.57 in pre-market trading, following the joint announcement of the U.S. approval of SIMLANDI® (adalimumab-ryvk) injection.
- Amer Sports, Inc. (AS) showed a 5.2% increase to $16.34 in pre-market trading.
- SES AI Corporation (SES) climbed 5.1% to $1.45 in pre-market hours, with expectations for its 2023 fourth-quarter business results later today.
- Berkshire Hathaway Inc. (BRK-B) shares surged by 5% to $438.08 in pre-market hours, with Warren Buffett confirming plans to maintain investments in Occidental Petroleum.
- BioCryst Pharmaceuticals, Inc. (BCRX) recorded a 4.9% increase to $5.99 in pre-market trading, ahead of its fourth-quarter financial results release on Feb. 26, 2024.
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Explore more on our pre-market coverage