24H | Quantum Computing Soars 16%; Plug Power Jumps 9%; MARA Drops 3%; Cleanspark Drops 7%; AST SpaceMobile Sinks 10%; Hims & Hers Tumbles 14%

Tiger Newspress
05/12

Quantum Computing saw a shift in sentiment following its latest earnings report. Shares rose 16% in overnight trading.

The company known as QCi posted $3.69 million in first-quarter revenue, outstripping the $3.13 million consensus among analysts polled by FactSet. The figure was sharply higher than the $39,000 reported in the same period last year.

Hims & Hers Health missed Wall Street estimates for first-quarter revenue and posted a surprise loss on Monday, as the telehealth company's shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.

Shares of the company fell more than 14% in overnight trading, even as Hims raised its full-year revenue forecast on expectations that a partnership with Novo Nordisk and international growth will help boost sales.

Plug Power rose 9% in overnight trading. The Hydrogen technology production company reported better-than-expected first quarter sales.

Monday, Plug reported first-quarter operating loss of about $109 million from sales of $163.5 million. Wall Street was looking for a $110 million loss from sales of about $140 million, according to Bloomberg. A year ago, Plug reported an operating loss of about $180 million from sales of about $134 million.

Mara Holdings posted a net loss attributable to common stockholders of USD 1.26 billion for the quarter ended March 31, 2026, widening from the prior-year period loss of USD 533.2 million.

Revenue fell 18% to USD 174.6 million, driven by a USD 35.6 million drop in bitcoin mining revenue to USD 172.2 million. Shares fell over 3% in overnight trading.

Cleanspark reported fiscal Q2 net loss late Monday of of $1.52 per diluted share, wider than a loss of $0.49 a year earlier. Analysts polled by FactSet expected a loss of $0.56.

Revenue for the quarter ended March 31 was $136.4 million, down from $181.7 million a year earlier. Shares fell about 7% in overnight trading.

AST SpaceMobile shares sank over 10% in overnight trading. AST SpaceMobile posted a loss per share of 66 cents, a steeper loss than the 20 cents a share it reported in the year-ago quarter. Analysts had expected a loss of 24 cents a share, according to FactSet.

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