US Stocks Movement | Highway Holdings Soars 53.8% Pre-market on Swing to Profit and Surging Revenue

格隆汇2026/07/21 08:54

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Glonghui, July 21 | Precision parts manufacturer Highway Holdings (HIHO.US) surged 53.8% in pre-market trading. The main reason is its just released strong financial report for the first quarter of fiscal year 2027. The financial report shows that the company had a strong start to the new fiscal year, with significant improvements compared to the same period last fiscal year: revenue increased by 29% year-on-year to about $18.5 million. Gross profit grew by 58% year-on-year to about $5.7 million. Gross margin rose from 25.2% to 30.8%. Profitability turned from an operating loss of about $500,000 to an operating profit of about $1.2 million.

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OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

华尔街见闻•2026/11/11 17:31