US Stock Market Move | Q3 financial report exceeded expectations, Gexin (GFS.US) rose more than 5% in early trading.

On Wednesday, Gexin (GFS.US) surged more than 5% in early trading, reaching $36.47. On the news front, despite the uneven demand for traditional processors, Gexin's third-quarter performance exceeded Wall Street's expectations. According to the financial report, the company's third-quarter revenue reached $1.69 billion, a 2.9% decrease year-on-year, exceeding expectations by $10 million; non-GAAP earnings per share were $0.41, exceeding expectations by $0.03. Gexin CEO TIM Breen said, "The company's performance in the third quarter was strong, with revenue, gross margin, operating margin, and earnings per share all at the high end of the expected range. For the fourth consecutive quarter, we achieved strong year-on-year growth in the automotive and communication infrastructure as well as data center terminal markets. As we continue to optimize our product portfolio and enhance business profitability, gross margin in the third quarter increased both sequentially and year-on-year. In addition, we also saw strong growth momentum from customers in key growth applications such as silicon photonics and FDX platforms, which is very encouraging."