U.S. stocks were higher, with the Dow Jones index gaining more than 600 points on Friday.
Shares of Norfolk Southern Corporation (NYSE:NSC) rose sharply during Friday's session after the company reported better-than-expected second-quarter earnings results.
Norfolk Southern reported railway operating revenue of $3 billion, up 2% year-over-year. The company delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share, according to Benzinga Pro.
Norfolk Southern shares gained 10.7% to $246.86 on Friday.
Here are some other big stocks recording gains in today’s session.
- Coursera, Inc. (NYSE:COUR) shares climbed 46.2% to $10.83 after the company beat second-quarter earnings estimates.
- Everi Holdings Inc. (NYSE:EVRI) shares gained 41.1% to $12.93 after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.
- Newell Brands Inc. (NASDAQ:NWL) gained 36.6% to $8.66 on better-than-expected second-quarter earnings and raising FY24 outlook.
- Liberty Broadband Corporation (NASDAQ:LBRDA) gained 17.6% to $65.16.
- Charter Communications, Inc. (NASDAQ:CHTR) shares surged 17% to $368.65 after the company reported better-than-expected second-quarter financial results.
- Mohawk Industries, Inc. (NYSE:MHK) climbed 16.5% to $156.70 following mixed second-quarter earnings.
- Karooooo Ltd (NASDAQ:KARO) rose 16% to $33.40. Karooooo announced termination of secondary public offering of ordinary shares due to market conditions.
- 3M Company (NYSE:MMM) gained 15% to $118.99 after better-than-expected second-quarter financial results and FY24 EPS outlook raise.
- International Game Technology PLC (NYSE:IGT) jumped 13.4% to $22.86 after the company entered an agreement for its Gaming & Digital business to be acquired by funds managed by affiliates of Apollo.
- Avantor, Inc. (NYSE:AVTR) gained 11% to $25.32 after the company reported better-than-expected second-quarter earnings results.
- Kinsale Capital Group, Inc. (NYSE:KNSL) surged 9.8% to $414.28 after the company reported better-than-expected second-quarter financial results.
- AST SpaceMobile, Inc. (NASDAQ:ASTS) gained 9.4% to $18.21.
- Viasat, Inc. (NASDAQ:VSAT) gained 9% to $20.58. Viasat announced new reporting segment structure.
- Deckers Outdoor Corporation (NYSE:DECK) shares rose 8.7% to $914.71 as the company reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion.
- Fortune Brands Innovations, Inc. (NYSE:FBIN) gained 8.5% to $78.32 following upbeat earnings.
- MicroStrategy Incorporated (NASDAQ:MSTR) rose 8.1% to $1,735.99 after Bitcoin rose above $67,000.
- Bristol-Myers Squibb Company (NYSE:BMY) climbed 7.6% to $48.69 following strong second-quarter earnings and increased 2024 guidance.
- Centene Corporation (NYSE:CNC) rose 7.6% to $72.55 following better-than-expected second-quarter financial results and increased 2024 guidance.
- PENN Entertainment, Inc. (NASDAQ:PENN) climbed 7.4% to $19.51.
- Columbia Banking System, Inc. (NASDAQ:COLB) gained 7.4% to $25.98 after the company reported better-than-expected quarterly earnings results. Also, multiple firms raised their respective price targets on its stock.
- Stanley Black & Decker, Inc. (NYSE:SWK) surged 6.9% to $95.66. Stanley Black & Decker named Deborah K. Wintner Chief Human Resources Officer, Succeeding John T. Lucas, and increased quarterly dividend from 81 cents to 82 cents per share.
- Aon plc (NYSE:AON) climbed 6.8% to $319.30 after the company reported better-than-expected quarterly revenue results.
- The Hartford Financial Services Group, Inc. (NYSE:HIG) gained 6.6% to $109.07 following better-than-expected quarterly earnings.
- NOV Inc. (NYSE:NOV) gained 6.1% to $19.81 following upbeat quarterly results.
- Lamb Weston Holdings, Inc. (NYSE:LW) gained 5.4% to $55.88.
- Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares rose 4.7% to $47.26 following better-than-expected quarterly results.
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