Shares of Marvell Technology, Inc. (NASDAQ:MRVL) rose sharply in today's pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.
Marvell Technology reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 41 cents. Quarterly revenue came in at $1.52 billion, which beat the consensus estimate of $1.46 billion and is an increase over sales of $1.42 billion from the same period last year.
Marvell Technology shares jumped 12.6% to $108.00 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- CN Energy Group. Inc. (NASDAQ:CNEY) gained 151.8% to $0.7953 in pre-market trading. CN Energy received extension from Nasdaq to meet minimum bid price requirement until May 2025.
- Fusion Fuel Green PLC (NASDAQ:HTOO) rose 81.5% to $0.5770 in pre-market trading after dipping 6% on Tuesday.
- Heron Therapeutics, Inc. (NASDAQ:HRTX) gained 80.5% to $2.13 in pre-market trading. Heron Therapeutics said US District Court ruled in its favor in patent litigation against Fresenius Kabi with respect to CINVANTI Injectable Emulsion.
- Viracta Therapeutics, Inc. (NASDAQ:VIRX) gained 50.2% to $0.2445 in pre-market trading.
- Tantech Holdings Ltd (NASDAQ:TANH) gained 22.8% to $0.2015 in pre-market trading after gaining 12% on Tuesday.
- Exicure, Inc. (NASDAQ:XCUR) gained 21.4% to $17.00 in pre-market trading after tumbling 37% on Tuesday.
- NFT Limited (NYSE:MI) gained 23.3% to $5.350 in pre-market trading after gaining 8% on Tuesday.
- Pure Storage, Inc. (NYSE:PSTG) rose 22.3% to $65.50 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.
- Salesforce, Inc. (NYSE:CRM) gained 13% to $374.38 in pre-market trading. The company posted downbeat earnings for its third quarter, while sales topped estimates. The company also said it sees full-year 2025 revenue of $37.8 billion to $38 billion and full-year adjusted earnings to be between $9.98 and $10.03 per share.
Losers
- Oriental Rise Holdings Limited (NASDAQ:ORIS) shares tumbled 44.4% to $6.65 in pre-market trading after jumping 82% on Tuesday.
- Bolt Projects Holdings, Inc. (NASDAQ:BSLK) declined 22.6% to $0.5031 in pre-market trading after declining 8% on Tuesday. The company recently announced a private placement of 1.06 million shares for $360K in gross proceeds.
- Ensysce Biosciences, Inc. (NASDAQ:ENSC) shares fell 17.3% to $0.4550 in pre-market trading as the company announced a 1-for-15 reverse stock split.
- Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) fell 16.7% to $4.07 in pre-market trading. Cheetah Net Supply Chain Service shares jumped 160% on Tuesday after the company announced the acquisition of TW & EW Services in a cash and stock mixed transaction valued at $1 million.
- ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares fell 13.4% to $14.95 in pre-market trading. ZJK Industrial shares jumped 172% on Tuesday after the company announced it received a request to produce samples for one of NVIDIA’s upcoming liquid cooling manifold projects.
- Intuitive Machines, Inc. (NASDAQ:LUNR) fell 12.7% to $12.36 in pre-market trading. Intuitive Machines priced its upsized $110.0 million offering of shares of its Class A common stock and concurrent private placement.
- ESGL Holdings Ltd (NASDAQ:ESGL) fell 11.6% to $1.30 in pre-market trading after declining around 6% on Tuesday.
- Volato Group, Inc. (NASDAQ:SOAR) dipped 10.1% to $0.3290 in pre-market trading. Volato Group shares jumped 65% on Tuesday after the company unveiled a patent-pending Bitcoin mining technology.
- Gaotu Techedu Inc. (NYSE:GOTU) shares dipped 9.7% to $2.69 in pre-market trading following third-quarter results.
- Crescent Energy Company (NASDAQ:CRGY) fell 5.4% to $14.32 in today's pre-market trading. Crescent Energy Company priced its upsized public offering of 21.5 million Class A common shares at $14/share.
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