Net 1 UEPS Technologies Inc (UEPS) is ripping higher this morning, up more than 16% on strong earnings. The Johannesburg-based company late Thursday reported Q4 earnings of 91 cents a share on revenue of $182.8 million. The Street had forecast EPS of $0.33 on sales of $142.3 million.
UEPS rose more than 14.70 percent to $13.40 at 9:07 a.m. in New York. The stock is up 34 percent this year.
Shares of Veeva Systems (VEEV) are surging more than 10% to $27.60 in premarket trading today following its Q2 non-GAAP EPS of $0.09, beating the $0.07 per diluted share analysts expected. The company beat also on revs, registering revenue of $75.7 million for the quarter, up 53% y/y, and beating analysts’ estimate of $69.3 million.
Digital Ally, Inc. (DGLY) popped 13% this morning. The spike can be attributed to a $1.1 million order the Lenexa, Kansas-based company received from the Michigan State Police for digital video imaging equipment.
San Francisco-based Splunk Inc (NASDAQ:SPLK) is up almost 7% in premarket trading after delivering a strong second quarter report late Thursday. On Thursday Splunk closed at $45.29. This morning shares are up 4.50% at $49.80, moving within a 52-week range of $39.35 – $106.15. SPLK is down 29.23% year-to-date.
Tesla Motors Inc (TSLA) is up almost 2% to $269.40 in early trading hours after Bloomberg reported that Elon Musk’s electric car company will work with China Unicom (CHU), the country’s second-largest mobile-phone company in terms of 3G subscribers, to set up charging stations for its vehicles.
Tesla signed an agreement today to build 400 charging points in 120 Chinese cities at China Unicom outlets. The deal will also see Tesla build 20 supercharging stations in a total of 20 Chinese cities that can charge a vehicle as much as 16x faster than a conventional power outlet.