Charles River Laboratories International Posts Upbeat Results, Joins Robinhood, Zillow, Tower Semiconductor And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday.

Shares of Charles River Laboratories International, Inc. CRL rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.

Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.

Charles River Laboratories International, Inc. CRL rose 7.2% to $236.00 on Wednesday.

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

• Lyft, Inc. LYFT shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
• Healthcare Services Group, Inc. HCSG rose 25.7% to $11.90 following upbeat earnings.
• Larimar Therapeutics, Inc. LRMR surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.
• Angi Inc. ANGI climbed 22.2% to $2.97 following upbeat earnings.
• CEVA, Inc. CEVA climbed 18.5% to $23.92 following upbeat earnings.
• Great Lakes Dredge & Dock Corporation GLDD rose 17.1% to $9.47 following quarterly results.
• Resideo Technologies, Inc. REZI jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.
• Kratos Defense & Security Solutions, Inc. KTOS rose 15.7% to $20.59 following better-than-expected quarterly results.
• Robinhood Markets, Inc. HOOD shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.
• CleanSpark, Inc. CLSK rose 13.8% to $18.08 amid strength in Bitcoin.
• United Fire Group, Inc. UFCS gained 13.5% to $24.32 following upbeat results.
• Marathon Digital Holdings, Inc. MARA jumped 13.3% to $29.13 amid strength in Bitcoin.
• Allison Transmission Holdings, Inc. ALSN climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.
• MRC Global Inc. MRC gained 12.1% to $11.64 following upbeat earnings.
• Coinbase Global, Inc. COIN rose 11.5% to $156.50 amid strength in Bitcoin.
• Super Micro Computer, Inc. SMCI gained 11.4% to $881.36.
• Uber Technologies, Inc. UBER gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.
• Riot Platforms, Inc. RIOT rose 10% to $16.98 amid strength in Bitcoin.
• IQVIA Holdings Inc. IQV gained 9.7% to $236.20 following upbeat results.
• Zillow Group, Inc. Z gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.
• WESCO International, Inc. WCC gained 9.6% to $145.32.
• Tower Semiconductor Ltd. TSEM climbed 8.5% to $31.07 following strong results.
• Mercury General Corporation MCY gained 6.6% to $43.02 following strong results.
• DaVita Inc. DVA gained 6.4% to $120.91 following upbeat results.
• IAC Inc. IAC rose 4.9% to $53.70 following upbeat earnings.

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