Shares of Harmonic Inc (NASDAQ:HLIT) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates. Also, the company raised its FY26 EPS guidance above estimates.

Harmonic reported quarterly earnings of 17 cents per share which beat the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $121.695 million which beat the analyst consensus estimate of $102.213 million.

Harmonic shares jumped 13% to $14.50 in pre-market trading.

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

Gainers

  • Buzzfeed Inc (NASDAQ:BZFD) gained 94.6% to $1.42 in pre-market trading after the company announced a proposed majority stake investment from Byron Allen’s family office alongside a major leadership transition and AI-focused restructuring plan.
  • Dreamland Ltd (NASDAQ:TDIC) gained 34.1% to $1.40 in pre-market trading. Dreamland's subsidiary Trendic International Limited and LinkFung Innovation Limited entered into MoU to explore development, implementation, and deployment of a comprehensive AI-powered intelligent image library platform.
  • High-Trend International Group (NASDAQ:HTCO) rose 28.4% to $9.05 in pre-market trading. High-Trend International Group Class A shareholders approved major corporate governance enhancements.
  • Quantum Computing Inc (NASDAQ:QUBT) gained 25% to $12.72 in pre-market trading after the company reported better-than-expected quarterly financial results.
  • MacroGenics Inc (NASDAQ:MGNX) rose 23.4% to $3.64 in pre-market trading after the company agreed to sell GMP manufacturing operations to Bora Pharmaceutical.
  • PACS Group Inc (NYSE:PACS) rose 22.3% to $39.00 in pre-market trading after the company reported better-than-expected first-quarter financial results. Also, the company announced a $250 million share buyback.
  • Ambow Education Holding Ltd (NYSE:AMBO) gained 20.4% to $2.71 in pre-market trading after the company reported a year-over-year increase in first-quarter financial results.
  • SI-Bone Inc (NASDAQ:SIBN) rose 13.4% to $13.16 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance with its midpoint above estimates.
  • Tencent Music Entertainment Group – ADR (NYSE:TME) gained 9% to $10.01 in pre-market trading following upbeat quarterly results.

Losers

  • Work Medical Technology Group Ltd (NASDAQ:WOK) declined 43.6% to $2.21 in pre-market trading after jumping 206% on Monday.
  • Microvast Holdings Inc (NASDAQ:MVST) fell 34.2% to $1.33 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
  • Zoominfo Technologies Inc (NASDAQ:GTM) tumbled 33.6% to $4.01 in pre-market trading after the company reported first-quarter financial results and issued second-quarter sales guidance below estimates. Also, the company cut its FY26 sales guidance below estimates.
  • Peraso Inc (NASDAQ:PRSO) fell 32.4% to $0.93 in pre-market trading after the company reported worse-than-expected first-quarter financial results.
  • Power Solutions International Inc (NASDAQ:PSIX) fell 31.7% to $42.60 in pre-market trading after the company reported worse-than-expected quarterly financial results.
  • CEL-SCI Corp (NYSE:CVM) fell 27.6% to $1.02 in pre-market trading after the company announced pricing of public offering.
  • CCSC Technology International Hldngs Ltd (NASDAQ:CCTG) shares dipped 24.8% to $0.43 in pre-market trading.
  • Hims & Hers Health Inc (NYSE:HIMS) dipped 14.9% to $24.80 in pre-market trading after the company reported worse-than-expected first-quarter financial results
  • Gitlab Inc (NASDAQ:GTLB) dipped 12.1% to $22.53 in pre-market trading as the company announced a reduction in force to realign its operating structure.
  • Harrow Inc (NASDAQ:HROW) fell 11.7% to $33.60 in pre-market trading after the company reported worse-than-expected first-quarter financial results.

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