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Benzinga

Business

Avi Kapoor

Why Xos Shares Are Trading Higher By Around 25%; Here Are 20 Stocks Moving Premarket

Section,Of,A,Financial,Newspaper,Titled,Key,Movers

Shares of Xos, Inc. (NASDAQ:XOS) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued FY25 sales guidance with its midpoint above estimates.

Xos reported quarterly loss of 91 cents per share which beat the analyst consensus estimate of loss of $1.06 per share. The company reported quarterly sales of $18.393 million which beat the analyst consensus estimate of $13.105 million.

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