ZI - Why RingCentral Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of RingCentral, Inc. (NYSE:RNG) rose sharply in today's pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY24 guidance.
RingCentral posted adjusted earnings of 87 cents per share, beating market estimates of 80 cents per share. The company's quarterly sales came in at $584.211 million, topping expectations of $578.167 million, according to data from Benzinga Pro.
RingCentral shares jumped 13.4% to $34.00 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Repare Therapeutics Inc. (NASDAQ:RPTX) gained 31.1% to $4.30 in pre-market trading after the company posted better-than-expected results for its first quarter.
- Neo-Concept International Group Holdings Limited (NASDAQ:NCI) gained 31.2% to $1.29 in pre-market trading after declining over 6% on Tuesday.
- Innodata Inc. (NASDAQ:INOD) shares rose 20.6% to $8.13 in pre-market trading after the company reported a year-over-year increase in first-quarter financial results.
- Luminar Technologies, Inc. (NASDAQ:LAZR) rose 20% to $1.98 in today's pre-market trading as the ...