VXRT - Why Adobe Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Adobe Inc. (NASDAQ:ADBE) rose sharply in today's pre-market trading following better-than-expected second-quarter earnings and strong guidance.
Adobe reported second-quarter revenue of $5.31 billion, beating the consensus estimate of $5.292 billion. The company reported quarterly adjusted earnings of $4.48 per share, beating analyst estimates of $4.39 per share, according to data from Benzinga Pro.
Adobe shares surged 14.6% to $525.76 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Gainers
- FOXO Technologies Inc. (NYSE:FOXO) rose 53.7% to $0.3674 in pre-market trading.
- Chijet Motor Company, Inc. (NASDAQ:CJET) shares rose 39% to $0.4030 in pre-market trading after surging 16% on Thursday.
- Nauticus Robotics, Inc. (NASDAQ:KITT) gained 24.5% to $0.20 in pre-market trading after dipping 17% on Thursday.
- Vaxart, Inc. (NASDAQ:VXRT) gained 23.4% to $0.9263 in pre-market trading after the company announced a $40 million underwritten offering of 50 million common stock at $0.80 per share.
- CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) rose 16.8% to $0.42 in pre-market trading ...