Shares of Penguin Solutions Inc (NASDAQ:PENG) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results.
The company reported quarterly earnings of 49 cents per share, beating the analyst consensus estimate of 44 cents per share. The company reported quarterly sales of $343.071 million, which beat the analyst consensus estimate of $338.758 million.
Penguin Solutions shares surged 5.3% to $22.70 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
Now Read This:
Photo via Shutterstock