Shares of Elastic NV (NASDAQ:ESTC) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results and raised its FY27 guidance.

Elastic posted quarterly adjusted earnings of 70 cents per share, beating market estimates of 58 cents per share. The company’s sales came in at $478.113 million versus expectations of $469.745 million.

Elastic shares jumped 21.8% to $101.95 in pre-market trading.

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

Gainers

  • Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) gained 118.8% to $2.45 in pre-market trading after dipping around 30% on Thursday.
  • Quoin Pharmaceuticals Ltd – ADR (NASDAQ:QNRX) rose 77.8% to $9.17 in pre-market trading after the company reported positive interim data from ongoing Phase 2/3 study of QRX003 in Netherton Syndrome.
  • Aethlon Medical Inc (NASDAQ:AEMD) rose 40.6% to $3.05 in pre-market trading after declining 5% on Thursday.
  • Nano Labs Ltd (NASDAQ:NA) rose 17% to $2.48 in pre-market trading after gaining 6% on Thursday.
  • Solstice Advanced Materials Inc (NASDAQ:SOLS) gained 16.4% to $65.59 in pre-market trading. Solstice Advanced Materials announced mutual termination of merger agreement with Element Solutions.
  • Hoyne Bancorp Inc (NASDAQ:HYNE) rose 15.1% to $19.01 in pre-market trading.
  • Gap Inc (NYSE:GAP) gained 13.4% to $23.57 in pre-market trading as the company reported better-than-expected second-quarter earnings and raised their FY26 EPS guidance above estimates.
  • Affirm Holdings Inc (NASDAQ:AFRM) rose 12.8% to $87.43 in pre-market trading after the company reported strong quarterly financial results.
  • Ark Restaurants Corp (NASDAQ:ARKR) shares gained 12.7% to $5.95 in pre-market trading.

Losers

  • BioXcel Therapeutics Inc (NASDAQ:BTAI) tumbled 45% to $0.40 in pre-market trading after the company filed Chapter 11 Bankruptcy.
  • LogProstyle Inc (NYSE:LGPS) fell 30.1% to $1.07 in pre-market trading after jumping 76% on Thursday. LogProstyle entered into agreement to acquire 100% of I-FLATZ Corporation.
  • Founder Group Ltd (NASDAQ:FGL) fell 27% to $0.13 in pre-market trading after the company announced a 100-for-1 share combination.
  • Healthy Choice Wellness Corp (NYSE:HCWC) declined 21.3% to $0.20 in pre-market trading after the company announced a 1-for-35 reverse stock split.
  • Key Tronic Corp (NASDAQ:KTCC) fell 20.8% to $3.05 in pre-market trading after the company reported a year-over-year decrease in fourth-quarter sales results. The company announced it will not issue first-quarter revenue and earnings guidance due to uncertainty in the timing of new program ramps and macroeconomic uncertainty.
  • Beyond Air Inc (NASDAQ:XAIR) fell 20.4% to $4.54 in pre-market trading after jumping around 15% on Thursday.
  • Propanc Biopharma Inc (NASDAQ:PPCB) fell 19.3% to $1.80 in pre-market trading. Propanc Biopharma shares jumped 108% on Thursday after the company announced preclinical and early translational data for its lead candidate PRP in pancreatic ductal adenocarcinoma..
  • PayPal Holdings Inc (NASDAQ:PYPL) fell 14% to $52.91 in pre-market trading following reports that a consortium led by Stripe and Advent International has abandoned its $53 billion takeover pursuit.
  • Marvell Technology Inc (NASDAQ:MRVL) fell 7.6% to $223.00 in pre-market trading. Marvell Technology reported better-than-expected financial results for the second quarter.
  • Rubrik Inc (NYSE:RBRK) fell 7.5% to $98.99 in pre-market trading following second-quarter results.

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