Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Thursday.
Shares of Guess?, Inc. (NYSE: GES) rose sharply during Thursday’s session as the company reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share.
Guess? reported quarterly earnings of $2.01 per share which beat the analyst consensus estimate of $1.56 by 28.85%. Quarterly sales clocked in at $891.05 million, beating the analyst consensus estimate of $855.54 million, according to data from Benzinga Pro.
Guess? shares jumped 23.1% to $31.95 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Lufax Holding Ltd (NYSE: LU) shares surged 41.3% to $4.76 following fourth-quarter results.
- Nortech Systems Incorporated (NASDAQ: NSYS) rose 22.3% to $13.35 after the company reported fourth-quarter results.
- Astera Labs, Inc. (NASDAQ: ALAB) rose 15.3% to $71.54 amid post-IPO volatility.
- NextNav Inc. (NASDAQ: NN) gained 15% to $5.55. NextNav 10% owner Joseph D Samberg acquired a total of 483,000 shares an average price of $4.52.
- Micron Technology, Inc. (NASDAQ: MU) climbed 14.7% to $110.37 as the company reported upbeat results for its second quarter and issued strong third-quarter guidance.
- argenx SE (NASDAQ: ARGX) surged 14.4% to $408.38 after myasthenia gravis data from competitors Chugai and Roche fell short of expectations.
- Stem, Inc. (NYSE: STEM) gained 14.3% to $2.2050
- Astera Labs, Inc. (NASDAQ: ALAB) gained 14.2% to $70.81 amid post-IPO volatility.
- Sunnova Energy International Inc. (NYSE: NOVA) rose 9.7% to $5.22.
- Ocugen, Inc. (NASDAQ: OCGN) surged 9.3% to $1.3550.
- Graphjet Technology (NASDAQ: GTI) climbed 9.3% to $10.93.
- Nyxoah S.A. (NASDAQ: NYXH) surged 9.1% to $15.16.
- Anywhere Real Estate Inc. (NYSE: HOUS) gained 9.1% to $5.99.
- Wolfspeed, Inc. (NYSE: WOLF) shares rose 8.4% to $29.54.
- Sunrun Inc. (NASDAQ: RUN) gained 8% to $12.40.
- Array Technologies, Inc. (NASDAQ: ARRY) gained 6.8% to $14.23.
- Western Digital Corporation (NASDAQ: WDC) surged 6.2% to $64.51, amid strength in Micron, which gained after reporting better-than-expected earnings and issuing strong guidance.
- Broadcom Inc. (NASDAQ: AVGO) climbed 5.8% to $1,350.05 after TD Cowen upgraded the stock from Market Perform to Outperform and raised its price target from $1,400 to $1,500.
- Fabrinet (NYSE: FN) gained 5.6% to $202.88. Northland Capital Markets analyst Tim Savageaux upgraded Fabrinet from Market Perform to Outperform and raised the price target from $200 to $220.
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