Market News

Li Auto’s Strong Q4 Earnings Propel Stock Higher in Pre-Market Activity Li Auto’s Strong Q4 Earnings Propel Stock Higher in Pre-Market Activity

U.S. stock futures were lower this morning, with the Dow futures trading lower by over 50 points on Monday.

Li Auto Inc. (NASDAQ: LI) saw a significant boost in today’s pre-market trading following the release of its fourth-quarter financial results, which surpassed estimates and included positive first-quarter guidance.

In the latest quarter, Li Auto reported adjusted earnings of 30 cents per share, exceeding market projections of 29 cents per share. The company’s quarterly revenue stood at $5.88 billion, outperforming expected revenues of $5.48 billion.

As a result of this strong performance, Li Auto shares surged by 8% to reach $37.56 in pre-market trading.

Several other prominent stocks also demonstrated gains in today’s pre-market session:

  • Shares of ImmunityBio, Inc. (NASDAQ: IBRX) rebounded by 12.3% to $3.93 after a 33% decline on Friday.
  • Bowlero Corp. (NYSE: BOWL) saw its shares grow by 6.5% to $13.05 in pre-market activity.
  • Teva Pharmaceutical Industries Limited (NYSE: TEVA) experienced a 5.3% increase to $13.57 in pre-market trading following the U.S. approval announcement of SIMLANDI® (adalimumab-ryvk) injection, a significant milestone for the company.
  • Amer Sports, Inc. (NYSE: AS) shares rose by 5.2% to $16.34 in pre-market trading.
  • SES AI Corporation (NYSE: SES) witnessed a 5.1% climb to $1.45 in pre-market trading ahead of the release of its 2023 fourth-quarter business results later today.
  • Berkshire Hathaway Inc. (NYSE: BRK-B) saw its shares increase by 5% to $438.08 in pre-market trading. Investor interest remains high as Warren Buffett reaffirms the company’s commitment to its investment in Occidental Petroleum.
  • BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) recorded a 4.9% rise to $5.99 in pre-market trading, with expectations for the release of its fourth-quarter 2023 financial results on Feb. 26, 2024.
See also  Bucking the Trend: iShares Russell Top 200 Growth ETF Witnesses Significant Inflow of Funds

 

Now Read This: Investor Sentiment Edges Lower, But Fear & Greed Index Remains In ‘Extreme Greed’ Zone

Don’t forget to check out our premarket coverage here