Diving into Cardlytics’s 37% Rise and the Pre-Market Landscape

Shares of Cardlytics, Inc. CDLX have soared in pre-market trading following a robust fourth-quarter earnings report.

Cardlytics surpassed market expectations with adjusted earnings of 14 cents per share, outpacing estimates. The company hinted at a strong start to the year, forecasting first-quarter revenue of $70 million to $73 million, surpassing the predicted $66.46 million.

Investors cheered Cardlytics’s performance, propelling its shares up by 36.6% to $11.18 in pre-market trading.

Keeping an eye on other movers in the pre-market scene, here are some noteworthy stocks:

Gainers

• Fisker Inc. FSR saw a 31.3% jump to $0.2034 after a turbulent period.
• Madrigal Pharmaceuticals, Inc. MDGL surged 26.9% to $309.13 on positive FDA news.
• 2seventy bio, Inc. TSVT gained 18.7% to $4.70 despite recent subpar results.
• American Vanguard Corporation AVD climbed 16% to $12.28 after strong fourth-quarter results.
• Adial Pharmaceuticals, Inc. ADIL rose 14.4% to $1.99.
• Telesis Bio, Inc. TBIO increased by 11.6% to $0.5740 following financial updates.
• Brera Holdings PLC BREA experienced an 11% rise to $1.61.
• Aquestive Therapeutics, Inc. AQST saw an 8.2% climb to $5.68.
• Better Therapeutics, Inc BTTX rose 7.7% to $0.0377 amid strategic changes.

Losers

• Kopin Corporation KOPN fell 14.6% to $1.87 after disappointing fourth-quarter results.
• Smartsheet Inc. SMAR dropped 11.8% to $35.56 on weaker-than-expected reports.
• Adobe Inc. ADBE slid 11.3% to $505.88 on a conservative revenue outlook.
• Psyence Biomedical Ltd. PBM decreased 10.6% to $1.42 amid legislative developments.
• Presto Automation Inc. PRST plummeted 9.7% to $0.2720 after an offering announcement.
• Kuke Music Holding Limited KUKE declined 9.1% to $2.26 after gains.
• Alternus Clean Energy Inc ALCE tumbled 8.7% to $0.4265.
• PagerDuty, Inc. PD fell 8.2% to $21.06 after issuing guidance below expectations.
• Blink Charging Co. BLNK dropped 7.6% to $3.17 following financial results.
• Ulta Beauty, Inc. ULTA tumbled by 6.6% to $527.99 after providing a cautious outlook and announcing a share repurchase plan.