Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday.
Shares of Charles River Laboratories International, Inc. (NYSE: CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.
Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.
Charles River Laboratories International, Inc. (NYSE: CRL) rose 7.2% to $236.00 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Lyft, Inc. (NASDAQ: LYFT) shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
- Healthcare Services Group, Inc. (NASDAQ: HCSG) rose 25.7% to $11.90 following upbeat earnings.
- Larimar Therapeutics, Inc. (NASDAQ: LRMR) surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.
- Angi Inc. (NASDAQ: ANGI) climbed 22.2% to $2.97 following upbeat earnings.
- CEVA, Inc. (NASDAQ: CEVA) climbed 18.5% to $23.92 following upbeat earnings.
- Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) rose 17.1% to $9.47 following quarterly results.
- Resideo Technologies, Inc. (NYSE: REZI) jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.
- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) rose 15.7% to $20.59 following better-than-expected quarterly results.
- Robinhood Markets, Inc. (NASDAQ: HOOD) shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.
- CleanSpark, Inc. (NASDAQ: CLSK) rose 13.8% to $18.08 amid strength in Bitcoin.
- United Fire Group, Inc. (NASDAQ: UFCS) gained 13.5% to $24.32 following upbeat results.
- Marathon Digital Holdings, Inc. (NASDAQ: MARA) jumped 13.3% to $29.13 amid strength in Bitcoin.
- Allison Transmission Holdings, Inc. (NASDAQ: ALSN) climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.
- MRC Global Inc. (NYSE: MRC) gained 12.1% to $11.64 following upbeat earnings.
- Coinbase Global, Inc. (NASDAQ: COIN) rose 11.5% to $156.50 amid strength in Bitcoin.
- Super Micro Computer, Inc. (NASDAQ: SMCI) gained 11.4% to $881.36.
- Uber Technologies, Inc. (NYSE: UBER) gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.
- Riot Platforms, Inc. (NASDAQ: RIOT) rose 10% to $16.98 amid strength in Bitcoin.
- IQVIA Holdings Inc. (NYSE: IQV) gained 9.7% to $236.20 following upbeat results.
- Zillow Group, Inc. (NASDAQ: Z) gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.
- WESCO International, Inc. (NYSE: WCC) gained 9.6% to $145.32.
- Tower Semiconductor Ltd. (NASDAQ: TSEM) climbed 8.5% to $31.07 following strong results.
- Mercury General Corporation (NYSE: MCY) gained 6.6% to $43.02 following strong results.
- DaVita Inc. (NYSE: DVA) gained 6.4% to $120.91 following upbeat results.
- IAC Inc. (NASDAQ: IAC) rose 4.9% to $53.70 following upbeat earnings.
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