Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded higher, with the Dow Jones index gaining around 200 points on Thursday.
Shares of Paychex, Inc. (NASDAQ: PAYX) moved lower during Thursday’s session after the company reported worse-than-expected second-quarter revenue results and issued FY24 guidance.
Paychex reported second-quarter FY24 sales growth of 6% year-on-year to $1.26 billion, slightly missing the analyst consensus estimate of $1.27 billion. Adjusted EPS of $1.08 beat the analyst consensus estimate of $1.07, according to Benzinga Pro.
Paychex shares fell 5.4% to $120.96 on Thursday.
Here are some other big stocks recording losses in today’s session.
Jin Medical International Ltd. (NASDAQ: ZJYL) shares fell 14.3% to $71.62. On Dec 18, Jin Medical International received Nasdaq letter notifying that the company failed to give detailed plan to support decision for further time for compliance.
Ispire Technology Inc. (NASDAQ: ISPR) declined 14.1% to $11.78.
BlackBerry Limited (NYSE: BB) declined 12.3% to $3.5950 following the release of third-quarter results.
Cassava Sciences, Inc. (NASDAQ: SAVA) shares fell 10.7% to $24.78.
MorphoSys AG (NASDAQ: MOR) fell 7.9% to $8.61.
Diversified Energy Company PLC (NYSE: DEC) dipped 7.6% to $14.04.
Zai Lab Limited (NASDAQ: ZLAB) fell 6.6% to $26.93.
Nanobiotix S.A. (NASDAQ: NBTX) declined 6.4% to $6.21.
Value Line, Inc. (NASDAQ: VALU) fell 6% to $45.80.
Mullen Automotive, Inc. (NASDAQ: MULN) fell 5.5% to $7.56. Mullen announced that it delivered 38 additional Class 3 vehicles to Randy Marion Automotive Group and sent the company an invoice for $2.5 million.
Warner Bros. Discovery, Inc. (NYSE: WBD) fell 4.8% to $11.10. David Zaslav, CEO of Warner Bros. Discovery, and Bob Bakish, CEO of Paramount Global, met on Tuesday and spoke for several hours about a potential merger.
Now Read This: Dow Jumps 250 Points; US Weekly Jobless Claims Edge Higher
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.