BMR - Why NVIDIA Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of NVIDIA Corporation (NASDAQ: NVDA) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.
The company reported revenue of $22.10 billion, beating a Street estimate of $20.62 billion. Revenue in the fourth quarter was up 265% year-over-year. Nvidia reported fourth-quarter non-GAAP earnings per share of $5.16, which came in ahead of a Street consensus estimate of $4.64 according to data from Benzinga Pro.
NVIDIA shares surged 14.3% to $771.50 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Agile Therapeutics, Inc. (NASDAQ: AGRX) gained 140.4% to $2.38 in pre-market trading. Agile Therapeutics was granted extension by Nasdaq Hearings Panel to regain compliance until March 25, 2024. The company sees FY23 revenue of $20 million to $21 million.
- BuzzFeed, Inc. (NASDAQ: BZFD) shares surged 89.6% to $0.4145 in pre-market trading after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed’s workforce.
- Elevai ...