Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) rose sharply in pre-market trading after the company reported better-than-expected first-quarter financial results.

Richardson Electronics reported quarterly earnings of 13 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $54.607 million which beat the analyst consensus estimate of $51.510 million.

Richardson Electronics shares jumped 20.2% to $12.76 in the pre-market trading session.

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

Gainers

• Turn Therapeutics Inc. (NASDAQ:TTRX) gained 226.3% to $22.84 in pre-market trading. The clinical-stage biotechnology company commenced trading on the Nasdaq Capital Market on Wednesday.
• Baosheng Media Group Holdings Limited (NASDAQ:BAOS) surged 107.7% to $6.88 in pre-market trading.
• Alaunos Therapeutics, Inc. (NASDAQ:TCRT) rose 61.5% to $5.99 in pre-market trading after surging 23% on Wednesday.
• Ambow Education Holding Ltd. (NYSE:AMBO) surged 53.2% to $5.22 in pre-market trading.
• AiRWA Inc. (NASDAQ:YYAI) gained 45.7% to $0.2809 in pre-market trading after announcing plans for a corporate overhaul and new blockchain investments.
• Telomir Pharmaceuticals, Inc. (NASDAQ:TELO) gained 29.7% to $2.14 in pre-market trading after the company announced new findings for Telomir-1.
• Diginex Ltd (NASDAQ:DGNX) rose 23.8% to $38.39 in pre-market trading after jumping 28% on Wednesday. 
• GoldMining Inc. (NYSE:GLDG) jumped 11.6% to $1.83 in pre-market trading after jumping 15% on Wednesday.
• Wolfspeed, Inc. (NYSE:WOLF) gained 9.2% to $33.25 in pre-market trading after jumping around 14% on Wednesday.

Losers

• Vantage Corp (NYSE:VNTG) shares dipped 59.6% to $2.63 in pre-market trading after dipping 16% on Wednesday.
• Universe Pharmaceuticals INC (NASDAQ:UPC) fell 39.2% to $5.75 in pre-market trading after surging 83% on Wednesday.
• AlphaTON Capital Corp. (NASDAQ:ATON) fell 25.5% to $8.10 in pre-market trading. AlphaTON Capital shares jumped 96% on Wednesday after the company announced a LOI to evaluate tokenization of single-indication economics for TT-4 in mesothelioma.
• Nexalin Technology, Inc. (NASDAQ:NXL) fell 21.5% to $1.46 in pre-market trading. Nexalin Technology shares jumped 98% on Wednesday after the company announced additional results in alzheimer’s disease with the Gen-2 SYNC neurostimulation device.
• Zhongchao Inc. (NASDAQ:ZCMD) dipped 21.8% to $0.9104 in pre-market trading after falling 5% on Wednesday.
• Xenetic Biosciences, Inc. (NASDAQ:XBIO) dipped 20.8% to $8.20 in pre-market trading after gaining 141% on Wednesday.
• GT Biopharma, Inc. (NASDAQ:GTBP) fell 16.6% to $0.9000. GT Biopharma shares jumped 44% on Wednesday after the company announced that enrollment in the dose escalation cohorts of the Phase 1 trial, evaluating GTB-3650 for the treatment of relapsed or refractory CD33 expressing hematologic malignancies, is on track.
• InnSuites Hospitality Trust (NYSE:IHT) declined 14.5% to $1.52 in pre-market trading after gaining 4% on Wednesday.
• Apogee Therapeutics, Inc. (NASDAQ:APGE) tumbled 9.6% to $42.70 in pre-market trading after the company announced the pricing of $300 million underwritten public offering.
• Plug Power Inc. (NASDAQ:PLUG) fell 7.8% to $3.37 in pre-market trading after declining more than 5% on Wednesday. The company raised $370 million from immediate exercise of 185.4 million warrants at $2 per share.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.