Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Shares of Teledyne Technologies Incorporated TDY fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and cut FY24 adjusted EPS guidance.

Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from Benzinga Pro.

Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday.

Here are some other stocks moving in today’s mid-day session.

Gainers

• Chicken Soup for the Soul Entertainment, Inc. CSSE gained 136% to $0.3570.
• BranchOut Food Inc. BOF shares climbed 73% to $1.98 after the company announced it has expanded its existing relationship with the nation’s largest retailer, which brings the total annualized value of commitments from the retailer to over $8 million.
• Amesite Inc. AMST jumped 55.7% to $3.10 after the company announced the Beta release of its NurseMagic app.
• Lichen China Limited LICN gained 53.5% to $0.8599.
• WiMi Hologram Cloud Inc. WIMI rose 44.6% to $1.05.
• Mullen Automotive, Inc. MULN rose 44% to $3.93.
• Prenetics Global Limited PRE gained 36.6% to $6.25.
• B. Riley Financial, Inc. RILY shares surged 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.
• MMTec, Inc. MTC shares climbed 29% to $2.8948.
• Connexa Sports Technologies Inc. YYAI gained 28.8% to $0.9427.
• Ribbon Communications Inc. RBBN shares rose 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.
• TROOPS, Inc. TROO gained 26.6% to $1.38.
• Babcock & Wilcox Enterprises, Inc. BW gained 19.9% to $1.10
• Hasbro, Inc. HAS surged 12.1% to $65.13 following better-than-expected first-quarter financial results.
• Tesla, Inc. TSLA gained 11.9% to $161.93 following first-quarter results.
• Vertiv Holdings Co VRT climbed 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.
• Intchains Group Limited ICG gained 10.3% to $10.30.
• Navitas Semiconductor Corporation NVTS surged 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.
• Westinghouse Air Brake Technologies Corporation WAB surged 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.
• Stride, Inc. LRN surged 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.
• Texas Instruments Incorporated TXN gained 6.4% to $176.10 following a first-quarter earnings beat.
• Boston Scientific Corporation BSX surged 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.
• Hilton Worldwide Holdings Inc. HLT rose gained 4.4% to $205.69 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance.

Losers

• Neo-Concept International Group Holdings Limited NCI fell 67.4% to $3.06 after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.
• iSun, Inc. ISUN fell 40% to $0.0901 after the company announced a reverse stock split.
• GlucoTrack, Inc. GCTK declined 36.8% to $0.4801.
• Evotec SE EVO shares dipped 32.4% to $5.27 after reporting fiscal year 2023 results.
• Avenue Therapeutics, Inc. ATXI fell 31% to $0.0925 after the company announced a reverse stock split.
• Vaxxinity, Inc. VAXX dipped 26.8% to $0.1464.
• Applied DNA Sciences, Inc. APDN fell 20% to $0.2320.
• Brand Engagement Network, Inc. BNAI shares dipped 19.5% to $3.46.
• NewGenIvf Group Limited NIVF shares declined 18.8% to $1.81.
• Recon Technology, Ltd. RCON fell 16.5% to $0.0845.
• Finch Therapeutics Group, Inc. FNCH fell 15.5% to $2.35.
• New Oriental Education & Technology Group Inc. EDU shares slipped 13.9% to $77.13 following downbeat quarterly earnings.
• Mersana Therapeutics, Inc. MRSN fell 11% to $2.8600.
• Helen of Troy Limited HELE dipped 9.8% to $90.45 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.
• Old Dominion Freight Line, Inc. ODFL shares declined 9.7% to $197.95 following a first-quarter revenue miss.
• Vicor Corporation VICR dipped 8.5% to $32.17 after the company reported worse-than-expected first-quarter sales results.
• Sleep Number Corporation SNBR fell 8.4% to $13.38.
• Manhattan Associates, Inc. MANH shares declined 8.4% to $211.18 following quarterly results.
• Equinox Gold Corp. EQX fell 8.2% to $5.25. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion’s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.
• Enphase Energy, Inc. ENPH fell 4.5% to $108.43 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
• Lithia Motors, Inc. LAD shares fell 4.3% to $253.02 following downbeat quarterly earnings.

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