Shares of Qualcomm Inc (NASDAQ:QCOM) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results.
Qualcomm reported second-quarter revenue of $10.60 billion, down 2% year-over-year. The revenue total beat a Street consensus estimate of $10.59 billion according to data from Benzinga Pro. Adjusted earnings per share were $2.65 for the quarter, beating a Street consensus estimate of $2.56.
Qualcomm shares jumped 10.6% to $172.50 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Abits Group Inc (NASDAQ:ABTS) gained 46% to $1.62 in pre-market trading after the company reported a year-over-year increase in its FY25 sales results.
- Akanda Corp (NASDAQ:AKAN) gained 33.2% to $34.65 in pre-market trading after jumping 49% on Wednesday. The U.S. Department of Justice placed state-regulated medical marijuana under Schedule III. An expedited process for broader reclassification is now underway.
- VS Media Holdings Ltd (NASDAQ:VSME) rose 29.2% to $1.20 in pre-market trading after the investment holding company filed a Securities and Exchange Commission disclosure regarding a debt-to-equity restructuring.
- OSR Holdings Inc (NASDAQ:OSRH) rose 28.2% to $0.59 in pre-market trading after announcing a global exclusive license agreement with Switzerland-based life sciences investment entity BCM Europe AG for its Phase 3-ready oral cancer immunotherapy, VXM01.
- American Rebel Holdings Inc (NASDAQ:AREB) gained 25.7% to $0.50 in pre-market trading after dipping 33% on Wednesday.
- Viavi Solutions Inc (NASDAQ:VIAV) rose 22.1% to $55.60 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates.
- IMPINJ Inc (NASDAQ:PI) gained 20.7% to $144.91 in pre-market trading after the company reported better-than-expected first-quarter sales results and issued second-quarter guidance above estimates.
- InMed Pharmaceuticals Inc (NASDAQ:INM) jumped 19.6% to $0.84 in pre-market trading.
- Everspin Technologies Inc (NASDAQ:MRAM) rose 16% to $15.30 in pre-market trading after the company reported better-than-expected first-quarter financial results.
Losers
- Inno Holdings Inc (NASDAQ:INHD) fell 31.7% to $0.082 in pre-market trading following the company’s announcement of a 1-for-20 reverse stock split aimed at maintaining compliance with Nasdaq listing requirements, particularly the minimum bid price rule.
- Rising Dragon Acquisition (NASDAQ:RDAC) fell 26% to $15.19 in pre-market trading after jumping around 319% on Wednesday.
- Skycorp Solar Group Ltd (NASDAQ:PN) fell 19.5% to $1.78 in pre-market trading as the company filed prospectus for offering $300 million mixed shelf.
- Aspire Biopharma Holdings Inc (NASDAQ:ASBP) declined 12.6% to $0.21 in pre-market trading after jumping 17% on Wednesday.
- SAGTEC GLOBAL Ltd (NASDAQ:SAGT) tumbled 12% to $1.91 in pre-market trading after jumping 28% on Wednesday. Sagtec Global posted a fourth-quarter loss of 11 cents per share.
- Barinthus Biotherapeutics PLC – ADR (NASDAQ:BRNS) fell 11.5% to $0.53 in pre-market trading.
- Chanson International Holding (NASDAQ:CHSN) shares dipped 11.8% to $0.029 in pre-market trading after dipping 12% on Wednesday.
- Teladoc Health Inc (NYSE:TDOC) dipped 9.9% to $5.36 in pre-market trading after the company reported mixed first-quarter financial results.
- Climb Global Solutions Inc (NASDAQ:CLMB) fell 8.4% to $19.50 in pre-market trading after the company reported worse-than-expected first-quarter adjusted EPS results.
- Meta Platforms Inc (NASDAQ:META) dipped 8.2% to $613.75 in pre-market trading. Meta reported better-than-expected financial results for the first quarter on Wednesday after the bell. The company anticipates full-year capital expenditures of $125 billion to $145 billion, up from prior guidance of $115 billion to $135 billion.
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