BGM Group Ltd (NASDAQ:BGM) shares surged 20.20% in pre-market trading on Thursday following the release of its impressive quarterly earnings report. The company, also known as Qilian International Holding Group, reported a substantial increase in both earnings per share and sales, significantly exceeding its performance from the same period last year.
According to the financial results, BGM Group's quarterly earnings per share (EPS) jumped to $0.03, marking a remarkable 200% increase from $0.01 in the same quarter of the previous year. The company also reported robust sales of $14.311 million for the quarter, representing a 13.92% year-over-year growth from $12.563 million.
This strong financial performance demonstrates BGM Group's ability to enhance its profitability while simultaneously expanding its revenue streams. The significant pre-market stock price surge suggests that investors are reacting positively to these results, potentially anticipating continued growth and improved financial health for the company in the coming quarters.
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