Pre-market Movers: MLEC, CFRX, AWIN, TGNA, BRMK…
The following are some of the stocks making big moves in Monday’s pre-market trading (as of 07.25 A.M. ET).
In the Green
Moolec Science SA (MLEC) is up over 95% at $12.88.
ContraFect Corporation (CFRX) is up over 33% at $4.15.
AERWINS Technologies Inc. (AWIN) is up over 27% at $2.14.
Broadmark Realty Capital Inc. (BRMK) is up over 20% at $5.00.
Cadrenal Therapeutics, Inc. (CVKD) is up over 18% at $2.49.
Seagen Inc. (SGEN) is up over 15% at $187.00.
Union Pacific Corporation (UNP) is up over 9% at $211.11.
FREYR Battery (FREY) is up over 8% at $8.94.
Li-Cycle Holdings Corp. (LICY) is up over 7% at $6.11.
Genius Group Limited (GNS) is up over 6% at $4.76.
In the Red
TEGNA Inc. (TGNA) is down over 21% at $17.15.
Ready Capital Corporation (RC) is down over 12% at $11.00.
Atlas Lithium Corporation (ATLX) is down over 11% at $13.05.
Ocean Biomedical, Inc. (OCEA) is down over 11% at $8.86.
Ambrx Biopharma Inc. (AMAM) is down over 11% at $4.46.
Movella Holdings Inc. (MVLA) is down over 10% at $3.16.
Mount Rainier Acquisition Corp. (RNER) is down over 9% at $8.25.
Nayax Ltd. (NYAX) is down over 8% at $17.23.
HTG Molecular Diagnostics, Inc. (HTGM) is down over 8% at $3.20.
Range Resources Corporation (RRC) is down over 7% at $26.25.
Maravai LifeSciences Holdings, Inc. (MRVI) is down over 7% at $13.30.
U.S. Silica Holdings, Inc. (SLCA) is down over 6% at $11.48.
Jinko Solar Co. Reports FY Preliminary Net Income Of RMB2.95 Bln
JinkoSolar Holding Co., Ltd. (JKS) said that its principal operating subsidiary, Jinko Solar Co., Ltd. reported preliminary unaudited net income attributable to the shareholders of RMB2.95 billion in fiscal year 2022. Annual net income attributable to the shareholders, excluding extraordinary gains and losses, was RMB2.65 billion.
Jinko Solar Co reported that its annual revenues under PRC GAAP were RMB83.08 billion.
JinkoSolar currently owns about 58.62% equity interest in Jinko Solar Co.
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Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates
Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.
Excluding items, adjusted earnings per share from continuing operations was $0.01, compared to last year’s $0.22.
Net loss attributable to common stockholders was $36.72 million or $0.46 per share, wider than $24.34 million or $0.30 per share in the year-ago quarter.
Total revenues from continuing operations for the quarter increased 1 percent to $468.30 million from $462.07 million in the same quarter last year.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share on revenues of $460.05 million for the quarter. Analysts’ estimates typically exclude special items.
Looking ahead to the first quarter, the company expects to report a loss in a range $0.30 to $0.37 per share and adjusted loss in a range $0.23 to $0.30 per share, both from continuing operations.
For fiscal 2023, the company now projects a loss in a range of $0.50 to $0.80 per share and adjusted loss in a range of $0.23 to 0.52 per share, both from continuing operations.
The Street is currently looking for a loss of $0.08 per share for the quarter and earnings of $0.17 per share for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
BGC Partners Inc. Q4 Profit Drops, Inline With Estimates
BGC Partners Inc. (BGCP) revealed a profit for fourth quarter that decreased from the same period last year in line with the Street estimates.
The company’s earnings totaled $2.22 million, or $0.01 per share. This compares with $76.45 million, or $0.20 per share, in last year’s fourth quarter.
Excluding items, BGC Partners Inc. reported adjusted earnings of $78.43 million or $0.16 per share for the period.
Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 5.4% to $436.52 million from $461.59 million last year.
BGC Partners Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $2.22 Mln. vs. $76.45 Mln. last year.
-EPS (Q4): $0.01 vs. $0.20 last year.
-Analyst Estimates: $0.16
-Revenue (Q4): $436.52 Mln vs. $461.59 Mln last year.
Itron Guides Q1 FY23 Adj. EPS Below Estimates – Update
While reporting financial results for the fourth quarter on Monday, Itron, Inc. (ITRI) initiated adjusted earnings and revenue guidance for the first quarter and full-year 2023.
For the first quarter, the company projects adjusted earnings in a range of $0.05 to $0.15 per share on revenues between $460 million and $475 million.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.21 per share on revenues of $450.96 million for the quarter. Analysts’ estimates typically exclude special items.
For fiscal 2023, the company projects adjusted earnings in a range of $0.70 to $1.10 per share on revenues between $1.85 billion and $1.95 billion. The Street is looking for earnings of $1.53 per share on revenues of $1.88 billion for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
BGC Partners Guides Q4 Revenues Above Estimates – Update
While reporting financial results for the fourth quarter on Monday, BGC Partners, Inc. (BGCP), a global brokerage and financial technology company, said it expects revenues for the first quarter in a range of $515 million to $565 million.
On average, analysts polled by Thomson Reuters expect the company to report revenues of $509.89 million for the quarter.
On Friday, BGC Partners’ Board of Directors declared a quarterly qualified cash dividend of $0.01 per share, payable on March 31, 2023 to Class A and Class B common stockholders of record as of March 17, 2023.