Why Meta Platforms Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Shares of Meta Platforms, Inc. (NASDAQ:META) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.

Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, according to Benzinga Pro. The company reported second-quarter earnings of $7.14 per share, beating estimates of $5.79 per share.

Meta Platforms shares jumped 11.7% to $776.66 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• VerifyMe, Inc. (NASDAQ:VRME) shares gained 57.4% to $1.08 in pre-market trading after the company announced it entered into a 3-year UPS Digital Channel Program Agreement with the United Parcel Service.
• Onconetix, Inc. (NASDAQ:ONCO) climbed 45.2% to $4.62 in pre-market trading after falling 11% on Wednesday.
• La Rosa Holdings Corp. (NASDAQ:LRHC) rose 42.4% to $6.75 in pre-market trading after dipping 20% on Wednesday.
• Smart Powerr Corp. (NASDAQ:CREG) shares jumped 31.2% to $2.48 in pre-market trading.
• Applied Digital Corporation (NASDAQ:APLD) surged 25.5% to $12.59 in pre-market trading after the company reported better-than-expected fourth-quarter adjusted EPS results.
• Alignment Healthcare, Inc. (NASDAQ:ALHC) gained 20.2% to $15.67 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance.
• Impinj, Inc. (NASDAQ:PI) gained 20.1% to $146.75 in pre-market trading after the company released its second-quarter financial results.
• Rush Street Interactive, Inc. (NYSE:RSI) rose 17.5% to $18.85 in pre-market trading after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance.
• Microsoft Corporation (NASDAQ:MSFT) rose 8.4% to $556.46 in pre-market trading as the company reported better-than-expected fourth-quarter financial results and issued strong forecast for the current quarter.

Losers

• Align Technology, Inc. (NASDAQ:ALGN) dipped 34.2% to $133.93 in pre-market trading after the company missed second-quarter earnings estimates and issued soft third-quarter guidance.
• Incannex Healthcare Inc. (NASDAQ:IXHL) declined 32.7% to $0.5924 in pre-market trading. The company reported Phase 2 results for IHL-42X.
• Confluent, Inc. (NASDAQ:CFLT) fell 28.7% to $18.83 in pre-market trading following second-quarter results.
• XBP Europe Holdings, Inc. (NASDAQ:XBP) dipped 21.5% to $1.28 in pre-market trading.  XBP Europe Holdings shares jumped 81% on Wednesdayfter the company announced it has finalized its acquisition of Exela Technologies BPA.
• Fundamental Global Inc. (NASDAQ:FGF) fell 18.2% to $15.20 in pre-market trading after dipping 14% on Wednesday.
• Duos Technologies Group, Inc. (NASDAQ:DUOT) shares tumbled 17.1% to $6.24 in pre-market trading after the company announced the pricing of $40 million upsized and oversubscribed public offering of common stock.
• Chanson International Holding (NASDAQ:CHSN) declined 15.8% to $0.0943 in pre-market trading.
• Prime Medicine, Inc. (NASDAQ:PRME) fell 12.4% to $3.43 in pre-market trading after the company announced the pricing of public offering.
• FormFactor, Inc. (NASDAQ:FORM) shares fell 11.8% to $30.35 in pre-market trading after the company reported a second-quarter adjusted EPS miss and issued third-quarter EPS guidance below estimates.
• Replimune Group, Inc. (NASDAQ:REPL) fell 10.9% to $6.73 in pre-market trading after jumping 101% on Wednesday.

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