India, May 13 -- Nebius Group N.V. (NBIS), a Dutch AI cloud company, reported Wednesday a profit in its first quarter compared to prior year's loss, benefited by a one time gain and significantly higher revenues.
In the pre-market activity on Nasdaq, the shares were climbing around 15.89 percent to trade at $207.57, after closing Tuesday's regular trading 3.8 percent lower.
In the first quarter, net income was $621.2 million or $2.11 per share, compared to prior year's loss of $113.5 million or $0.48 per share.
On a continuing operations basis, prior year's loss was $104.3 million or $0.44 per share.
The latest result was benefited by a gain from revaluation of investments in equity securities of $780.6 million.
Adjusted net loss widen...