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Shares of Penguin Solutions, Inc. (NYSE:PENG) rose sharply in pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued FY27 EPS guidance above estimates. The company appointed Stephen Cumming as CFO.

Penguin Solutions reported $566.69 million in revenue for the fourth quarter, beating analyst estimates of $516.12 million, according to Benzinga Pro. The AI factory platform company posted fourth-quarter adjusted earnings of $1 per share, beating estimates of 78 cents per share.

Penguin Solutions shares jumped 7.7% to $69.10 in pre-market trading

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

Gainers

• Toppoint Holdings Inc. (NYSE:TOPP) rose 154% to $0.2845 in pre-market trading.
• NFT Limited (NYSE:MI) gained 75.6% to $2.16 in pre-market trading after the Hong Kong-based art and collectibles platform announced a $2.55 million registered direct offering.
• Mingteng International Corporation Inc. (NASDAQ:MTEN) rose 57.4% to $1.5094 in pre-market trading as a Chinese developer and supplier of automotive molds signed a share transfer agreement with Zheng Delin.
• Baiya International Group Inc. (NASDAQ:BIYA) gained 57.3% to $2.16 in pre-market trading. Baiya International Group recently reported a year-over-year increase in its H1 EPS results.
• China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC) gained 38.4% to $1.73 in pre-market trading after falling around 40% on Tuesday.
• Netcapital Inc. (NASDAQ:NCPL) gained 21.1% to $1.3203 in pre-market trading after dipping over 17% on Tuesday. Netcapital recently announced it received a Nasdaq noncompliance notice.
• Nuburu, Inc. (NYSE:BURU) gained 15.5% to $1.3608 in pre-market trading after the company canceled a $15 million convertible note tied to Heckler & Koch AG shares.  
• Generation Income Properties, Inc. (NASDAQ:GIPR) gained 11.8% to $0.4257 in pre-market trading. GIPR announced full retirement of Loci Capital financing relationship.
• Neogen Corporation (NASDAQ:NEOG) rose 11.4% to $13.33 in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY27 sales guidance.

Losers

• Caribou Biosciences, Inc. (NASDAQ:CRBU) tumbled 35.7% to $0.7301 in pre-market trading after the company announced it is exploring strategic alternatives and plans to discontinue its two cell therapy programs.
• VCI Global Limited (NASDAQ:VCIG) fell 32.5% to $0.95 in pre-market trading after surging around 55% on Tuesday.
• The OLB Group, Inc. (NASDAQ:OLB) fell 25.2% to $0.3066 in pre-market trading after the company announced it suspended its at-the-market equity offering program and authorized a share repurchase program.
• XChange TEC.INC (NASDAQ:XHG) fell 21.7% to $1.8635 in pre-market trading. XChange TEC.INC shares jumped 25% on Tuesday after the company announced it intends to gradually reduce operations in Mainland China and plans to invest between $5 million and $10 million in the U.S. Market.
• Olenox Industries Inc. (NASDAQ:OLOX) fell 18.4% to $1.0202 in pre-market trading after surging 42% on Tuesday.
• Professional Diversity Network, Inc. (NASDAQ:IPDN) fell 16.7% to $3.84 in pre-market trading. Professional Diversity Network shares jumped over 48% on Tuesday after the company announced its subsidiary PDN Intelligence entered into an Equipment Lease Agreement with Goodwill Labs for approximately $1.177 million of initial capital commitments fo two Nvidia B300 eight-GPU systems.
• Youxin Technology Ltd (NASDAQ:YAAS) fell 16.7% to $0.9830 in pre-market trading.
• TEN Holdings, Inc. (NASDAQ:XHLD) fell 14.2% to $0.5347 in pre-market trading after jumping 52% on Tuesday.
• Actuate Therapeutics, Inc. (NASDAQ:ACTU) declined 14.1% to $0.6969 in pre-market trading. Actuate Therapeutics announced plans to sell 50,000,000 shares at assumed price of $0.819 per share,
• Constellation Brands, Inc. (NYSE:STZ) fell 5.1% to $110.10 in pre-market trading. Constellation Brands posted better-than-expected earnings for the second quarter and raised its FY2027 GAAP earnings guidance. The company also announced the acquisition of spirit-based ready-to-drink brand SpikedAde.

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