TSLA - Why IBM Shares Are Trading Higher By Over 7%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of International Business Machines Corporation (NYSE: IBM) shares rose sharply in today’s pre-market trading as the company reported reported stronger-than-expected results for its fourth quarter.
IBM said fourth-quarter revenue increased 4% year-over-year to $17.38 billion, which beat the consensus estimate of $17.3 billion, according to Benzinga Pro. The company noted that the continued adoption of hybrid cloud and AI offerings drove its strong revenue results.
IBM reported quarterly adjusted earnings of $3.87 per share versus estimates of $3.78 per share.
IBM shares jumped 7.4% to $186.82 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- C3is Inc. (NASDAQ: CISS) gained 48.6% to $0.1970 in pre-market trading. Aegis Capital Corp. acted as sole bookrunner on an upsized $7.0 million underwritten public offering for C3is.
- Charge Enterprises, Inc. (NASDAQ: CRGE) gained 42% to $0.2090 in pre-market trading following a 6% decline on Wednesday.
- Acutus Medical, Inc. (NASDAQ: AFIB) shares jumped 39% to $0.3085 in pre-market trading. Acutus Medical has been granted European patent number EP3043701 titled "Devices and Methods ...