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Market Shakers: GMS, T2 Biosystems, Tesla, and Palantir Make Waves

  • June 22nd, 2023
  • 311 views

GMS Inc. (NYSE: GMS) announced its fourth-quarter fiscal 2023 results, surpassing expectations with an adjusted EPS of $2.11 compared to the consensus estimate of $1.89. The company reported quarterly sales of $1.30 billion, exceeding the consensus revenue estimate of $1.27 billion for the period.

These strong results capped off a year of record net sales, net income, adjusted EBITDA, and cash flow generation for GMS.

In pre-market, $GMS is showing positive momentum, currently trading at $69.25, up $1.66 (+2.46%).

In other news, investment management firm GSA Capital Partners LLP disclosed an increased stake of 10.7% in T2 Biosystems, Inc. (Nasdaq: TTOO) according to a regulatory filing with the SEC.

$TTOO is experiencing significant pre-market growth, currently trading at $0.09, up $0.02 (+27.04%).

Tesla, Inc. (Nasdaq: TSLA) has filed a US patent application (No. US-20230198455-A1) titled "INTERLOCKING BIPV ROOF TILE WITH BACKER" with The United States Patent and Trademark Office (USPTO).

$TSLA is currently trading at $249.80 in pre-market, down $9.66 (-3.72%).

Similarly, Palantir Technologies Inc. (NYSE: PLTR) has filed a US patent application (No. US-20230196201-A1) titled "SYSTEMS AND METHODS FOR AI INFERENCE PLATFORM AND SENSOR CORRELATION" with the USPTO.

In pre-market, $PLTR is trading at $14.37, down $0.27 (-1.84%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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