Why Alphabet Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket

Shares of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) rose sharply in today's pre-market trading the company posted upbeat results for its first quarter.

Google parent Alphabet said its first-quarter revenue increased 15% year-over-year to $80.539 billion, beating the consensus estimate of $78.594 billion. The company reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.51 per share, according to data from Benzinga Pro.

Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.

Alphabet shares jumped 11.9% to $174.58 in pre-market trading.

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

Gainers

• Tevogen Bio Holdings Inc. (NASDAQ:TVGN) shares gained 64.7% to $1.40 in pre-market trading after falling over 43% on Thursday.
• Pineapple Energy Inc. (NASDAQ:PEGY) gained 40.5% to $0.0729 in pre-market trading.
• Freight Technologies, Inc. (NASDAQ:FRGT) climbed 32.4% to $1.21 in pre-market trading after gaining 5% on Thursday.
• Snap Inc. (NYSE:SNAP) gained 24.2% to $14.16 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.
• Earlyworks Co., Ltd (NASDAQ:ELWS) rose 20.7% to $0.88 in today's pre-market trading after gaining 19% on Thursday.
• Kintara Therapeutics, Inc. (NASDAQ:KTRA) shares gained 20.1% to $0.1898 in pre-market trading after gaining 15% on Thursday.
• NewGenIvf Group Limited (NASDAQ:NIVF) shares gained 14.6% to $1.49 in pre-market trading after dipping 16% on Thursday.
• ResMed Inc. (NYSE:RMD) shares rose 11.5% to $204.50 in pre-market trading after the company reported better-than-expected third-quarter financial results.
• Skechers U.S.A., Inc. (NYSE:SKX) shares gained 11% to $65.30 in pre-market trading after the company reported better-than-expected first-quarter financial results.

Losers

• Aclarion, Inc. (NASDAQ:ACON) fell 19.5% to $0.3161 in pre-market trading. Aclarion shares jumped 36% on Thursday after the company announced that its Nociscan solution will be used in the upcoming LIFEHAB trial evaluating the diagnosis and treatment of chronic low back pain.
• Vincerx Pharma, Inc. (NASDAQ:VINC) shares declined 16.4% to $0.75 in pre-market trading after the company announced pricing of underwritten public offering of common stock and warrants.
• SCWorx Corp. (NASDAQ:WORX) fell 16.3% to $2.31 pre-market trading after surging 36% on Thursday.
• Processa Pharmaceuticals, Inc. (NASDAQ:PCSA) fell 15.4% to $2.05 in pre-market trading. Processa Pharmaceuticals shares jumped 50% on Thursday after HC Wainwright & Co initiated coverage on the stock with a Buy rating and announced an $8 price target.
• Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) fell 13.9% to $0.2238 pre-market trading after dipping 39% on Thursday. Chicken Soup For The Soul Entertainment received delinquency letter from the Nasdaq.
• Northann Corp. (NYSE:NCL) shares fell 13.6% to $0.4015 in pre-market trading after dipping 12% on Thursday.
• Boyd Gaming Corporation (NYSE:BYD) shares declined 12.6% to $55.00 in pre-market trading after the company reported worse-than-expected first-quarter adjusted EPS results.
• Intel Corporation (NASDAQ:INTC) shares fell 7.2% to $32.57 in pre-market trading after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.
• Hertz Global Holdings, Inc. (NASDAQ:HTZ) shares fell 5.8% to $4.41 in pre-market trading after dipping 19% on Thursday.
• DexCom, Inc. (NASDAQ:DXCM) shares declined 5.3% to $130.70 in pre-market trading after the company reported first-quarter financial results.

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