Norfolk Southern Posts Upbeat Earnings, Joins Newell Brands, Charter Communications, 3M And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Dow Jones index gaining more than 600 points on Friday.

Shares of Norfolk Southern Corporation NSC rose sharply during Friday's session after the company reported better-than-expected second-quarter earnings results.

Norfolk Southern reported railway operating revenue of $3 billion, up 2% year-over-year. The company delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share, according to Benzinga Pro.

Norfolk Southern shares gained 10.7% to $246.86 on Friday.

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

• Coursera, Inc. COUR shares climbed 46.2% to $10.83 after the company beat second-quarter earnings estimates.
• Everi Holdings Inc. EVRI shares gained 41.1% to $12.93 after it entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash.
• Newell Brands Inc. NWL gained 36.6% to $8.66 on better-than-expected second-quarter earnings and raising FY24 outlook.
• Liberty Broadband Corporation LBRDA gained 17.6% to $65.16.
• Charter Communications, Inc. CHTR shares surged 17% to $368.65 after the company reported better-than-expected second-quarter financial results.
• Mohawk Industries, Inc. MHK climbed 16.5% to $156.70 following mixed second-quarter earnings.
• Karooooo Ltd KARO rose 16% to $33.40. Karooooo announced termination of secondary public offering of ordinary shares due to market conditions.
• 3M Company MMM gained 15% to $118.99 after better-than-expected second-quarter financial results and FY24 EPS outlook raise.
• International Game Technology PLC IGT jumped 13.4% to $22.86 after the company entered an agreement for its Gaming & Digital business to be acquired by funds managed by affiliates of Apollo.
• Avantor, Inc. AVTR gained 11% to $25.32 after the company reported better-than-expected second-quarter earnings results.
• Kinsale Capital Group, Inc. KNSL surged 9.8% to $414.28 after the company reported better-than-expected second-quarter financial results.
• AST SpaceMobile, Inc. ASTS gained 9.4% to $18.21.
• Viasat, Inc. VSAT gained 9% to $20.58. Viasat announced new reporting segment structure.
• Deckers Outdoor Corporation DECK shares rose 8.7% to $914.71 as the company reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion.
• Fortune Brands Innovations, Inc. FBIN gained 8.5% to $78.32 following upbeat earnings.
• MicroStrategy Incorporated MSTR rose 8.1% to $1,735.99 after Bitcoin rose above $67,000.
• Bristol-Myers Squibb Company BMY climbed 7.6% to $48.69 following strong second-quarter earnings and increased 2024 guidance.
• Centene Corporation CNC rose 7.6% to $72.55 following better-than-expected second-quarter financial results and increased 2024 guidance.
• PENN Entertainment, Inc. PENN climbed 7.4% to $19.51.
• Columbia Banking System, Inc. COLB gained 7.4% to $25.98 after the company reported better-than-expected quarterly earnings results. Also, multiple firms raised their respective price targets on its stock.
• Stanley Black & Decker, Inc. SWK surged 6.9% to $95.66. Stanley Black & Decker named Deborah K. Wintner Chief Human Resources Officer, Succeeding John T. Lucas, and increased quarterly dividend from 81 cents to 82 cents per share.
• Aon plc AON climbed 6.8% to $319.30 after the company reported better-than-expected quarterly revenue results.
• The Hartford Financial Services Group, Inc. HIG gained 6.6% to $109.07 following better-than-expected quarterly earnings.
• NOV Inc. NOV gained 6.1% to $19.81 following upbeat quarterly results.
• Lamb Weston Holdings, Inc. LW gained 5.4% to $55.88.
• Ultra Clean Holdings, Inc. UCTT shares rose 4.7% to $47.26 following better-than-expected quarterly results.

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