Micron Technology, Inc.’s shares surged in pre-market trading after the company exceeded expectations for the second quarter and offered robust guidance for the third quarter.
With first-quarter revenue hitting $5.82 billion, surpassing the consensus estimate, and adjusted earnings per share at 42 cents—dramatically outperforming the anticipated loss of 25 cents per share—Micron left analysts’ predictions in the dust.
Micron Technology saw its shares climb a remarkable 17.1% to reach $112.69 during pre-market trading.
Enter the pre-market movers:
Winners
- Kaival Brands Innovations Group, Inc. KAVL experienced a boost of 73.7% to hit $2.31 pre-market, following an 11% drop the day before.
- CuriosityStream Inc. CURI rose by 36.2% to $0.7919 pre-market after its fourth-quarter financial results.
- TROOPS, Inc. TROO surged by 27.8% to $2.11 pre-market.
- Lufax Holding Ltd LU soared by 26.4% to reach $4.26 pre-market following fourth-quarter results.
- Canoo Inc. GOEV jumped by 17.8% to $4.02 pre-market, as the US Department of Commerce greenlit its Oklahoma City facility as a Foreign Trade Zone.
- Sentage Holdings Inc. SNTG surged by 17.3% to $2.65 pre-market after a 6% dip the day before.
- LiveWire Group, Inc. LVWR climbed by 11.4% to hit $7.60 pre-market after a 5% rise on Wednesday.
- Guess?, Inc. GES saw a rise of 11% to $28.80 pre-market, following excellent fourth-quarter financial results and a declared special dividend of $2.25 per share.
- argenx SE ARGX gained 10.5% to $394.31 pre-market.
Losers
- Movella Holdings Inc. MVLA fell by 57.9% to $0.1205 pre-market after announcing voluntary delisting from the Nasdaq.
- Abits Group Inc. ABTS dropped by 27.6% to $0.6042 pre-market after a 14% increase on Wednesday.
- ETAO International Co., Ltd. ETAO tumbled by 17.8% to $0.2220 pre-market following an 88% surge on Wednesday due to a reverse stock split announcement.
- Biophytis S.A. BPTS fell by 14.1% to $0.3860 pre-market after a 20% surge on Wednesday.
- Wearable Devices Ltd. WLDS declined by 13.6% to $0.5730 pre-market despite a 5% increase on Wednesday, citing a report suggesting that the Mudra Band could be pivotal for Apple and Meta’s smart glasses.
- Five Below, Inc. FIVE decreased by 12.9% to $182.00 pre-market following its fourth-quarter financial report.
- LexinFintech Holdings Ltd. LX shares tumbled by 12.6% to $1.87 pre-market after the release of fourth-quarter financial results.
- Avinger, Inc. AVGR fell by 12.1% to $2.90 pre-market following fourth-quarter results.
- Ontrak, Inc. OTRK saw a 11.4% decline to $0.28 after a 28% drop the day before.
- AEye, Inc. LIDR fell by 10.7% to $1.33 pre-market, with a pending financial report release scheduled after the bell on March 26, 2024.
Now Read This: Micron, Accenture And 3 Stocks To Watch Heading Into Thursday
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