Shares of PriceSmart, Inc. PSMT soared in early trading today with the company unveiling earnings for the second quarter that surpassed expectations.
The firm reported quarterly earnings of $1.31 per share, exceeding market forecasts of $1.25 per share. PriceSmart also exceeded expectations for quarterly sales, coming in at $1.29 billion compared to the projected $1.28 billion – courtesy of data from Benzinga Pro.
PriceSmart shares climbed 4.6% to $86.90 in pre-market trading, painting a rosy picture for investors.
A Glance at Other Players in Pre-Market Trading
On the Rise
- Marin Software Incorporated MRIN saw shares surge by 76.1% to $0.5054 in pre-market trading following updates on its Microsoft Corp MSFT advertising integration.
- iCoreConnect Inc. ICCT witnessed a 46.4% rise to $1.64 in pre-market trading after securing $2,375,000 in convertible note financing last month.
- Nano Labs Ltd NA experienced a 35.1% gain to $2.00 in pre-market trading after filing an annual report for fiscal year 2023.
- IN8bio, Inc. INAB recorded a 20.2% increase to $1.31 in pre-market trading post an announcement of new preclinical data from its non-signaling gamma-delta T cell based Chimeric Antigen Receptor-T cell platform.
- Jaguar Health, Inc. JAGX surged by 18.8% to $0.1069 in pre-market trading after receiving approval for all proposals at its special stockholders meeting.
- Immuron Limited IMRN climbed by 16.2% to $3.20 in pre-market trading following the disclosure of record sales (unaudited) of Travelan®.
- Desktop Metal, Inc. DM observed a 12.5% increase to $1.17 in pre-market trading after a slight decline of around 4% on the preceding day.
- Yatsen Holding Limited YSG rose by 11.2% to $3.48 in pre-market trading.
- Galmed Pharmaceuticals Ltd. GLMD gained 10.3% to $0.43 in pre-market trading, showcasing an upward trend in the early hours.
On the Decline
- FutureFuel Corp. ASTI dipped by 49.1% to $0.14 in pre-market trading after a prior fall of over 12%.
- Destiny Tech100 Inc. DXYZ saw a 25.8% decline to $47.50 in pre-market trading following a drop of over 35% the day before.
- PainReform Ltd. PRFX fell by 23.2% to $1.16 in pre-market trading subsequent to an 11% decline on the preceding day, with recent news on superior iv vitro release rates of PRF-110 impacting the market.
- Velo3D, Inc. VLD experienced a 22.4% drop to $0.3601 in pre-market trading post an announcement of a proposed public offering.
- Selina Hospitality PLC SLNA shares declined by 21.4% to $0.0617 in pre-market trading after an impressive surge of over 96% the previous day.
- Mobile Global Esports Inc. MGAM fell by 19.1% to $0.1748 in pre-market trading after a significant rise of around 78% the day before.
- VIA optronics AG VIAO saw shares drop by 18.8% to $0.7298 in pre-market trading after an announcement to voluntarily delist ADSs from the NYSE.
- Biophytis S.A. BPTS noted a 10.6% decline to $0.3522 in pre-market trading after an earlier climb of around 32% following an update on FY23 EPS results.
- Enzo Biochem, Inc. ENZ saw shares decline by 7.5% to $1.11 in pre-market trading, a contrast to Smart Global Holdings Inc.’s episode of exceeding expectations in the previous quarter.
- SMART Global Holdings Inc. SGH faced a 7.4% downturn to $24.00 pre-market trading, despite a strong performance in the third quarter and optimistic outlook for the future.
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