U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of Robinhood Markets, Inc. HOOD rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter financial results.
Robinhood reported fourth-quarter revenue of $1.01 billion, up 115% year-over-year and a new company record. The revenue figure beat a Street consensus estimate of $944.62 million, according to data from Benzinga Pro. The company reported record quarterly earnings per share of $1.01, beating a Street consensus estimate of 43 cents per share.
Robinhood shares jumped 11.9% to $62.56 on Thursday.
Here are some other big stocks recording gains in today's session.
- AppLovin Corporation APP shares jumped 33.7% to $509.14 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.
- Dutch Bros Inc. BROS gained 30.6% to $84.55 following better-than-expected quarterly financial results. D Securities and Wedbush raised their respective price targets on the stock.
- SBC Medical Group Holdings Incorporated SBC gained 28.5% to $6.63. The company recently announced it will invest one billion yen into Bitcoin.
- Pagaya Technologies Ltd. PGY climbed 27% to $14.97 following upbeat quarterly results.
- Aurora Innovation, Inc. AUR shares jumped 22% to $7.89 following quarterly results.
- DNOW Inc. DNOW shares gained 21.9% to $17.20 following strong quarterly earnings.
- The Manitowoc Company, Inc. MTW shares jumped 20.3% to $11.76 following fourth-quarter results.
- Sable Offshore Corp. SOC gained 19.5% to $29.25.
- Corsair Gaming, Inc. CRSR gained 18.7% to $11.80 after reporting upbeat quarterly results.
- Iridium Communications Inc. IRDM rose 18.7% to $32.99 after the company reported better-than-expected quarterly financial results.
- Crocs, Inc. CROX gained 18.4% to $105.20 following strong fourth-quarter earnings and upbeat guidance.
- Palomar Holdings, Inc. PLMR rose 16% to $126.48 following upbeat earnings.
- MGM Resorts International MGM gained 14.3% to $39.27 after the company reported better-than-expected quarterly financial results.
- Lincoln Electric Holdings, Inc. LECO rose 13.3% to $219.72 following better-than-expected Q4 financial results.
- Hims & Hers Health, Inc. HIMS gained 13.3% to $52.40.
- Intel Corporation INTC rose 9.9% to $24.71.
- Service Corporation International SCI rose 9.3% to $83.12 following better-than-expected Q4 financial results.
- Sony Group Corporation SONY gained 9% to $23.95 after the company reported a year-over-year increase in third-quarter financial results.
- HubSpot, Inc. HUBS gained 7.7% to $846.00 following stronger-than-expected results.
- GE HealthCare Technologies Inc. GEHC gained 7.1% to $92.03 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance with its midpoint above estimates.
- Tyler Technologies, Inc. TYL gained 6.3% to $648.75 following quarterly results.
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