Workday, Inc. (WDAY) shares experienced a significant surge in today’s pre-market trading following the release of its impressive second-quarter financial results. The company reported revenue of $2.08 billion, exceeding the consensus estimate of $2.07 billion. Additionally, Workday reported adjusted earnings of $1.75 per share, surpassing analyst expectations of $1.65 per share, as reported by Benzinga Pro. This positive news propelled Workday shares upward by 11.9% to $258.47 in pre-market trading.
Beyond Workday, several other stocks made notable moves in pre-market trading. On the upside, Sequans Communications S.A. (SQNS) experienced a remarkable 146.5% surge to $1.34 after announcing preliminary second-quarter 2024 financial results. Portage Biotech Inc. (PRTG) followed closely behind with a 130.2% rise to $6.24, while Momentus Inc. (MNTS) gained 87.6% to $1.07. Elevai Labs Inc. (ELAB) and Mural Oncology PLC (MURA) also saw substantial increases, with their shares rising by 34.1% and 19.2% respectively. Perfect Moment Ltd. (PMNT) climbed 18.7% to $1.33, rebounding after a decline on Thursday. Satellogic Inc (SATL) gained 17.7% to $1.20, Pono Capital Two, Inc. (PTWO) rose 15.3% to $13.26, and Rezolve AI Limited (RZLV) climbed 12% to $11.55.
On the other hand, several companies experienced significant declines in pre-market trading. WiMi Hologram Cloud Inc. (WIMI) shares fell by 20.1% to $0.8307, following a substantial jump on Thursday. ShiftPixy, Inc. (PIXY) declined by 14.2% to $0.97, SRIVARU Holding Limited (SVMH) shares dipped 13.8% to $0.1363, and Red Robin Gourmet Burgers, Inc. (RRGB) dropped 13.5% to $4.09 after reporting downbeat earnings for the second quarter and lowering its FY24 revenue guidance. Air Industries Group (AIRI) fell 12.7% to $6.26, N2OFF, Inc. (NITO) shares declined 12.5% to $0.2704, ESS Tech, Inc. (GWH) dipped 11.3% to $0.4792, Beneficient (BENF) fell 11.1% to $2.24, and BurgerFi International, Inc. (BFI) shares dropped 10.4% to $0.2011. Staffing 360 Solutions, Inc. (STAF) shares also experienced a decrease of 9.2% to $2.78, following a surge on Thursday.
