GCT Semiconductor Stock Moves Before Q1 Earnings as Satellite 5G Deal Raises Stakes
GCT Semiconductor shares rose to $1.88 in early extended trading Monday, up from Friday’s $1.70 close, after announcing a satellite reference-platform agreement. The company reports first-quarter results after the U.S. market closes May 12. Analysts expect a loss of 13 cents per share on $1.77 million revenue. GCT did not disclose the satellite customer or financial terms.