Textron Posts Upbeat Earnings, Joins ASML, Progressive And Other Big Stocks Moving Higher On Wednesday

U.S. stocks traded higher, with the Nasdaq Composite gaining around 100 points on Wednesday.

Shares of Textron Inc. TXT rose during Wednesday’s session following upbeat quarterly earnings.

Textron posted adjusted earnings of $1.60 per share, beating market estimates of $1.54 per share. The company’s quarterly sales came in at $3.89 billion versus expectations of $3.95 billion, according to data from Benzinga Pro.

Textron shares gained 6% to $ 84.09 on Wednesday.

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

• Kura Oncology, Inc. KURA jumped 41.3% to $18.99. Kura Oncology announced oversubscribed $150 million private placement.
• Jin Medical International Ltd. ZJYL gained 21% to $202.00.
• Heron Therapeutics, Inc. HRTX shares rose 15.6% to $2.5450. Heron Therapeutics received FDA approval of ZYNRELEF® indication expansion to include additional orthopedic and soft tissue procedures.
• Netflix, Inc. NFLX shares jumped 12.6% to $554.00 as the company reported better-than-expected sales for its fourth quarter.
• EverQuote, Inc. EVER shares gained 10% to $12.98.
• TAL Education Group TAL shares gained 9% to $11.87.
• QuinStreet, Inc. QNST gained 8% to $12.58.
• New Oriental Education & Technology Group Inc. EDU jumped 8% to $77.74 after the company reported better-than-expected second-quarter sales results.
• ASML Holding N.V. ASML gained 7.3% to $835.92 after the company reported better-than-expected quarterly financial results and issued guidance.
• Richtech Robotics Inc. RR surged 7% to $11.88.
• SAP SE SAP climbed 6.8% to $174.64 after the company reported fourth-quarter financial results.
• Domo, Inc. DOMO surged 5.5% to $10.37.
• The Progressive Corporation PGR rose 5.4% to $179.49 after the company reported fourth-quarter financial results.
• First Horizon Corporation FHN gained 3.5% to $14.73 after UBS upgraded the stock from Neutral to Buy. First Horizon plans to repurchase up to $650 million of its common stock.

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