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Shares of Qualcomm Inc (NASDAQ:QCOM) rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results.
Qualcomm reported second-quarter revenue of $10.60 billion, down 2% year-over-year. The revenue total beat a Street consensus estimate of $10.59 billion according to data from Benzinga Pro. Adjusted earnings per share were $2.65 for the quarter, beating a Street consensus estimate of $2.56.
Qualcomm shares jumped 10.6% to $172.50 in pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
- Abits Group Inc (NASDAQ:ABTS) gained 46% to $1.62 in pre-market trading after the company reported a year-over-year increase in its FY25 sales results.
- Akanda Corp (NASDAQ:AKAN) gained 33.2% to $34.65 in pre-market trading after jumping 49% on Wednesday. The U.S. Department of Justice placed state-regulated medical marijuana under Schedule III. An expedited process for broader reclassification is now underway.
- VS Media Holdings Ltd (NASDAQ:VSME) rose 29.2% to $1.20 in pre-market trading after the investment holding company filed a Securities and Exchange Commission disclosure regarding a debt-to-equity restructuring.
- OSR Holdings Inc (NASDAQ:OSRH) rose 28.2% to $0.59 in pre-market trading after announcing a global exclusive license agreement with Switzerland-based life sciences investment entity BCM Europe AG for its Phase 3-ready oral …
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