Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were lower, with the Dow Jones index falling more than 100 points on Friday.
Shares of Applied Materials, Inc. (NASDAQ: AMAT) rose sharply in today’s session after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance.
Applied Materials reported quarterly earnings of $2.13 per share which beat the analyst consensus estimate of $1.91 by 11.52%. The company reported quarterly sales of $6.71 billion, beating the analyst consensus estimate of $6.48 billion by 3.55%, and representing a 0.47% decrease over sales of $6.74 billion from the same period last year.
Applied Materials shares jumped 8.3% to $203.27 on Friday.
Here are some other big stocks recording gains in today’s session.
- PRA Group, Inc. (NASDAQ: PRAA) shares jumped 23.4% to $30.25 following upbeat results.
- The Trade Desk, Inc. (NASDAQ: TTD) shares gained 21% to $91.66 after the company reported mixed fourth-quarter financial results.
- Nano-X Imaging Ltd. (NASDAQ: NNOX) rose 19% to $11.31. Nvidia recently reported a 59,632 share stake in the company.
- Backblaze, Inc. (NASDAQ: BLZE) jumped 17.2% to $9.55 after the company reported better-than-expected fourth-quarter financial results and issued full year 2024 revenue guidance above estimates.
- Toast, Inc. (NYSE: TOST) climbed 16.6% to $22.39 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted subscription services and financial technology solutions guidance. Also the company authorized a $250 million share repurchase program.
- Coinbase Global, Inc. (NASDAQ: COIN) shares gained 15.8% to $191.79 as the company reported better-than-expected financial results for its fourth quarter on Thursday.
- Nayax Ltd. (NASDAQ: NYAX) climbed 15.6% to $30.99. Nayax is expected to report fourth-quarter earnings on Feb. 28, 2024.
- Kinsale Capital Group, Inc. (NYSE: KNSL) rose 13.1% to $495.00 following upbeat quarterly results.
- Gyre Therapeutics, Inc. (NASDAQ: GYRE) gained 11.9% to $17.88.
- Texas Roadhouse, Inc. (NASDAQ: TXRH) rose 10% to $147.30 after the company reported better-than-expected fourth-quarter GAAP EPS results. Also, Wedbush and Stephens & Co raised their respective price targets on the stock.
- HireRight Holdings Corporation (NYSE: HRT) climbed 9.8% to $14.12 as the company agreed to be acquired by General Atlantic and Stone Point Capital.
- Shockwave Medical, Inc. (NASDAQ: SWAV) gained 9.6% to $258.98 after the company reported better-than-expected fourth-quarter financial results.
- Sarepta Therapeutics, Inc. (NASDAQ: SRPT) surged 7.9% to $134.73 after the FDA accepted and filed the company's efficacy supplement to the Biologics License Application for ELEVIDYS.
- Bio-Rad Laboratories, Inc. (NYSE: BIO) jumped 7.1% to $352.10 following upbeat earnings.
- Vulcan Materials Company (NYSE: VMC) gained 5.6% to $256.08 following strong results.
- Artivion, Inc. (NASDAQ: AORT) gained 4.1% to $18.78 following strong quarterly results.
- DT Midstream, Inc. (NYSE: DTM) rose 4% to $54.51 following upbeat earnings.
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