Philip Morris Posts Upbeat Results, Joins Coherent, ArcelorMittal, Yum! Brands And Other Big Stocks Moving Higher On Thursday

U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.2% on Thursday.

Shares of Philip Morris International Inc. PM rose sharply on Thursday after the company reported better-than-expected fourth-quarter financial results.

Philip Morris Intl reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $9.71 billion which beat the analyst consensus estimate of $9.44 billion.

Philip Morris shares jumped 9.1% to $142.96 on Thursday.

Here are some other big stocks recording gains in today's session.

American Superconductor Corporation AMSC shares surged 31.3% to $33.50 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.
Altus Power, Inc. AMPS gained 28% to $4.9050 after the company announced it entered into a definitive agreement to be acquired by TPG for a valuation of approximately $2.2 billion.
Hesai Group HSAI surged 21.7% to $16.90.
TTM Technologies, Inc. TTMI gained 19.6% to $29.63 after the company reported fourth-quarter earnings and revenue above estimates.
Digi International Inc. DGII surged 18.3% to $36.00 following first-quarter earnings.
Liquidity Services, Inc. LQDT gained 16.8% to $37.22 after the company reported better-than-expected quarterly financial results.
Peloton Interactive, Inc. PTON surged 14.6% to $8.69 following upbeat revenue.
Tapestry, Inc. TPR rose 14% to $83.67 after the company reported second-quarter financial results and beat its sales estimates.
Coherent Corp. COHR gained 13.7% to $102.47 after the company reported better-than-expected quarterly financial results.
InterDigital, Inc. IDCC jumped 12.2% to $204.82 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.
ArcelorMittal S.A. MT gained 11.6% to $28.42 after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimate.
AST SpaceMobile, Inc. ASTS climbed 11.3% to $27.50 after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a price target of $30.
WeRide Inc. WRD rose 8.8% to $15.24 after the company launched the Robovan W5.
Yum! Brands, Inc. YUM gained 7.7% to $141.32 following upbeat quarterly earnings.
Darling Ingredients Inc. DAR rose 6.5% to $38.41 after the company reported better-than-expected fourth-quarter EPS results.