US Stocks Movement: High Tide surges 20% in pre-market trading after Q2 earnings beat expectations and turns profitable

Glonghui, June 16｜A certain exchange surged by 20% to $2.7 before the market opened. According to reports, the company’s recently released Q2 FY2026 financial results far exceeded market expectations, achieving a surprise profit. The company reported a net profit of 24,000, compared to a net loss of 2.8 million in the same period last year, marking a significant turnaround. Adjusted earnings per share were 0.01, also beating analysts' expectations of -0.01. Revenue for the quarter reached a record 179.3 million, up 30% year-on-year, also exceeding the market consensus of 171.74 million.