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

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.