XCUR - Why Palantir Technologies Shares Are Trading Higher By 18%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Palantir Technologies Inc. (NYSE: PLTR) rose sharply during today’s pre-market trading after the company reported better-than-expected fourth-quarter sales results and issued guidance.
Palantir said fourth-quarter revenue increased 20% year-over-year to $608 million, which beat the consensus estimate of $602.41 million, according to Benzinga Pro. Palantir reported quarterly adjusted earnings of 8 cents per share, which was in line with analyst estimates.
Palantir expects first-quarter revenue to be between $612 million and $616 million versus estimates of $617.21 million. First-quarter adjusted income from operations is expected to be between $196 million and $200 million.
Palantir Technologies shares jumped 18.2% to $19.77 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) gained 54.2% to $0.3424 in pre-market trading after dipping around 26% on Monday.
- Chenghe Acquisition Co. (NASDAQ: CHEA) shares jumped 43.2% to $10.08 in pre-market trading. Chenghe Acquisition shares jumped 28% on Monday after shareholders on Friday voted to approve the merger agreement with Taiwan Color Optics, Inc.
- Exicure, Inc. (NASDAQ: XCUR) gained 36.2% to $0.75 ...