Premarket Movers | BigBear.ai Soars 15%; Rocket Lab Rises 10%; Beyond Meat Sinks 9%; CoreWeave Drops 7%; Rigetti Computing Falls 3%

Tiger Newspress
Yesterday

BigBear.ai Holdings shares jumped 15% in premarkrt trading after it reported better-than-expected third quarter financial results and announced the acquisition of Ask Sage.

For the quarter ended September 30, BigBear.ai, the data and analysis solutions company, reported a GAAP loss per share of ($0.03) versus the consensus estimate of ($0.07).

CoreWeave shares fell 6.9% in premarket trading. The Nvidia-backed company trimmed annual revenue forecast on Monday, hurt by a delay at a third-party data center partner, taking the shine off a strong September quarter driven by burgeoning demand for AI cloud services.

Rocket Lab shares rose 10% premarket after reporting a smaller-than-expected third-quarter loss and issued better-than-expected fourth-quarter revenue guidance.

Monday evening, the space launch and space services provider said it lost 3 cents a share from sales of $155 million. Wall Street was looking for a 10-cent loss from sales of $151.8 million.

Beyond Meat shares slumped 9% in premarket trading after posting a bigger quarterly loss and forecast fourth-quarter sales below Wall Street estimates on Monday, as the plant-based meat maker grappled with sluggish demand for its products.

Rigetti Computing has become one of the foremost pure-play quantum computing companies. Its stock was falling 3% in premarket trading after missing expectations for quarterly revenue.

For the third quarter, the Berkeley, Calif.-based developer of superconducting quantum integrated circuits for quantum computers reported a smaller-than-expected adjusted loss of 3 cents a share on revenue of $1.9 million.

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