BGM Group Ltd (NASDAQ:BGM) shares are skyrocketing in pre-market trading, surging 20.20% following the release of its impressive quarterly earnings report. The company, also known as Qilian International Holding Group, has significantly outperformed expectations, demonstrating robust growth in both earnings per share and sales.

According to the report, BGM Group's quarterly earnings per share (EPS) reached $0.03, marking a remarkable 200% increase from $0.01 in the same period last year. The company's sales also showed substantial growth, climbing to $14.311 million, a 13.92% rise compared to $12.563 million in the previous year's corresponding quarter.

This outstanding financial performance appears to have strongly resonated with investors, driving the significant pre-market rally. The substantial increase in both earnings and sales suggests that BGM Group's business strategies and market positioning are yielding positive results, potentially setting the stage for continued growth and improved shareholder value in the coming quarters.