Shares of Micron Technology, Inc. (NASDAQ: MU) rose sharply in today’s pre-market trading as the company reported upbeat results for its second quarter and issued strong third-quarter guidance.
Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42 cents per share, which easily beat analyst estimates for a loss of 25 cents per share, according to data from Benzinga Pro.
Micron Technology shares jumped 17.1% to $112.69 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) shares rose 73.7% to $2.31 in pre-market trading after falling 11% on Wednesday.
- CuriosityStream Inc. (NASDAQ: CURI) rose 36.2% to $0.7919 in pre-market trading after the company reported financial results for fourth quarter.
- TROOPS, Inc. (NASDAQ: TROO) shares rose 27.8% to $2.11 in pre-market trading.
- Lufax Holding Ltd (NYSE: LU) climbed 26.4% to $4.26 in pre-market trading following fourth-quarter results.
- Canoo Inc. (NASDAQ: GOEV) shares gained 17.8% to $4.02 in pre-market trading after gaining around 22% on Wednesday. The US Department of Commerce recently approved its Oklahoma City facility as a Foreign Trade Zone.
- Sentage Holdings Inc. (NASDAQ: SNTG) rose 17.3% to $2.65 in pre-market trading after dipping around 6% on Wednesday.
- LiveWire Group, Inc. (NASDAQ: LVWR) gained 11.4% to $7.60 in pre-market trading after gaining 5% on Wednesday.
- Guess?, Inc. (NYSE: GES) shares rose 11% to $28.80 in pre-market trading as the company reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share.
- argenx SE (NASDAQ: ARGX) gained 10.5% to $394.31 in pre-market trading.
Losers
- Movella Holdings Inc. (NASDAQ: MVLA) dipped 57.9% to $0.1205 in pre-market trading after the company revealed voluntary delisting from the Nasdaq.
- Abits Group Inc. (NASDAQ: ABTS) fell 27.6% to $0.6042 in pre-market trading after gaining 14% on Wednesday.
- ETAO International Co., Ltd. (NASDAQ: ETAO) fell 17.8% to $0.2220 pre-market trading after jumping over 88% on Wednesday. The company announced a reverse stock split.
- Biophytis S.A. (NASDAQ: BPTS) fell 14.1% to $0.3860 in pre-market trading after surging around 20% on Wednesday.
- Wearable Devices Ltd. (NASDAQ: WLDS) declined 13.6% to $0.5730 in pre-market trading after surging 5% on Wednesday. Wearable Devices recently published a report saying the Mudra Band 'Can Be the Neural Bridge for Apple and Meta in their Next Wave of Smart Glasses Interaction.'
- Five Below, Inc. (NASDAQ: FIVE) fell 12.9% to $182.00 pre-market trading after the company reported fourth-quarter financial results.
- LexinFintech Holdings Ltd. (NASDAQ: LX) shares tumbled 12.6% to $1.87 in pre-market trading following fourth-quarter financial results.
- Avinger, Inc. (NASDAQ: AVGR) shares fell 12.1% to $2.90 in pre-market trading following fourth-quarter results.
- Ontrak, Inc. (NASDAQ: OTRK) shares tumbled 11.4% to $0.28 after dipping 28% on Wednesday.
- AEye, Inc. (NASDAQ: LIDR) shares fell 10.7% to $1.33 in pre-market trading. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.
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