Shares of Diodes Incorporated (NASDAQ:DIOD) fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results.
Diodes posted adjusted earnings of 28 cents per share, missing market estimates of 31 cents per share. The company's quarterly sales came in at $301.97 million missing expectations of $305.01 million, according to data from Benzinga Pro.
Diodes shares dipped 9.8% to $68.99 on Friday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- Novavax, Inc. (NASDAQ:NVAX) shares jumped 139% to $10.73 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.
- iTeos Therapeutics, Inc. (NASDAQ:ITOS) gained 40% to $17.06 after the company announced a $120 million registered direct offering and reported Q1 financial results.
- AEye, Inc. (NASDAQ:LIDR) shares climbed 39.8% to $1.65 after the company disclosed a partnership with LITEON Technology Corporation.
- Sweetgreen, Inc. (NYSE:SG) shares climbed 39.4% to $32.86 after the company reported better-than-expected first-quarter sales results.
- Ouster, Inc. (NYSE:OUST) gained 34.3% to $13.90 after the company reported better-than-expected first-quarter financial results.
- Organogenesis Holdings Inc. (NASDAQ:ORGO) rose 32% to $3.02 following upbeat quarterly results.
- Inseego Corp. (NASDAQ:INSG) gained 31.4% to $5.05 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.
- CareDx, Inc (NASDAQ:CDNA) surged 26.3% to $13.99 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.
- Sensus Healthcare, Inc. (NASDAQ:SRTS) shares rose 22.5% to $4.6699 after the company reported better-than-expected first-quarter financial results.
- Groupon, Inc. (NASDAQ:GRPN) gained 22.3% to $12.85 after the company reported better-than-expected first-quarter results.
- Standard Lithium Ltd. (NYSE:SLI) jumped 21.8% to $1.90 after the company reported better-than-expected quarterly GAAP EPS results.
- ADMA Biologics, Inc. (NASDAQ:ADMA) rose 21% to $8.39 after the company reported better-than-expected first-quarter financial results and issued strong revenue guidance.
- SoundHound AI, Inc. (NASDAQ:SOUN) shares gained 19.3% to $5.66 in pre-market trading after the company reported better-than-expected first quarter financial results.
- American Coastal Insurance Corporation (NASDAQ:ACIC) rose 17.2% to $12.79 after the company reported better-than-expected first quarter financial results. The company announced ...
