U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday.
Shares of Powell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results.
Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro.
Powell Industries shares jumped 23.2% to $176.16 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.
- TransMedics Group, Inc. (NASDAQ:TMDX) shares climbed 28% to $120.26 after the company raised its 2024 guidance.
- Surmodics, Inc. (NASDAQ:SRDX) rose 27.2% to $32.69 following strong quarterly results.
- CareDx, Inc (NASDAQ:CDNA) shares gained 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.
- TG Therapeutics, Inc. (NASDAQ:TGTX) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.
- New York Community Bancorp, Inc. (NYSE:NYCB) jumped 20% to $3.1887 following quarterly results.
- Bio-Techne Corporation (NASDAQ:TECH) rose 20.1% to $75.89 following upbeat quarterly results.
- Inari Medical, Inc. (NASDAQ:NARI) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
- LendingClub Corporation (NYSE:LC) surged 18% to $8.87.
- A10 Networks, Inc. (NYSE:ATEN) climbed 17.7% to $15.38 following better-than-expected quarterly results.
- Pinterest, Inc (NYSE:PINS) gained 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.
- Root, Inc. (NASDAQ:ROOT) shares gained 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.
- LendingClub Corporation (NYSE:LC) rose 17.2% to $8.82 following upbeat earnings.
- UFP Technologies, Inc. (NASDAQ:UFPT) gained 13.8% to $234.34 following upbeat earnings.
- Stagwell Inc. (NASDAQ:STGW) rose 13.1% to $6.73 following upbeat earnings.
- The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) gained 11.5% to $36.89 following strong quarterly earnings.
- Garmin Ltd. (NASDAQ:GRMN) climbed 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.
- Amcor plc (NYSE:AMCR) gained 10% to $9.84 after the company reported mixed third-quarter financial results and updated guidance.
- Trinity Industries, Inc. (NYSE:TRN) rose 9.4% to $28.48 following upbeat earnings.
- Axos Financial, Inc. (NYSE:AX) surged 9.3% to $55.31 following better-than-expected earnings.
- Axalta Coating Systems Ltd. (NYSE:AXTA) gained 9.2% to $34.32 following better-than-expected quarterly results.
- Carpenter Technology Corporation (NYSE:CRS) climbed 8.1% to $92.61 on strong quarterly earnings.
- DuPont de Nemours, Inc. (NYSE:DD) rose 8.1% to $78.39 as the company reported a first-quarter fiscal 2024 sales decline of 3% year-over-year to $2.931 billion, beating the consensus of $2.813 billion.
- Clean Harbors, Inc. (NYSE:CLH) gained 8% to $204.59 after the company reported better-than-expected quarterly financial results.
- DigitalOcean Holdings, Inc. (NYSE:DOCN) gained 7.7% to $35.38 after it was announced the stock will join the S&P SmallCap 600.
- LivaNova PLC (NASDAQ:LIVN) gained 7.4% to $59.86 after the company posted upbeat quarterly earnings and raised FY24 forecast.
- United Therapeutics Corporation (NASDAQ:UTHR) gained 6.2% to $248.95 after the company reported better-than-expected quarterly financial results.
- Lemonade, Inc. (NYSE:LMND) shares rose 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.
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