PayPal Posts Upbeat Earnings, Joins Sprouts Farmers Market, Stanley Black & Decker, Phillips 66 And Other Big Stocks Moving Higher On Tuesday

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

Shares of PayPal Holdings, Inc. PYPL rose sharply during Tuesday's session after the company reported better-than-expected second quarter financial results.

PayPal reported fiscal second-quarter revenue growth of 8% year over year to $7.89 billion, beating the analyst consensus estimate of $7.81 billion. The company reported a quarterly adjusted EPS of $1.19, beating analyst consensus estimates of 98 cents, according to data from Benzinga Pro.

PayPal shares surged 8.5% to $63.98 on Tuesday.

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

• JetBlue Airways Corporation JBLU jumped 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.
• Lumen Technologies, Inc. LUMN jumped 19.1% to $2.3050.
• Commvault Systems, Inc. CVLT jumped 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.
• Harmonic Inc. HLIT jumped 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
• Sprouts Farmers Market, Inc. SFM shares rose 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.
• NeoGenomics, Inc. NEO rose 16.1% to $17.00 following upbeat earnings.
• Tilray Brands, Inc. TLRY rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.
• Sprouts Farmers Market, Inc. SFM climbed 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.
• Howmet Aerospace Inc. HWM gained 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.
• Repligen Corporation RGEN rose 13.4% to $156.48 following -quarter earnings.
• Varonis Systems, Inc. VRNS jumped 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.
• Hayward Holdings, Inc. HAYW rose 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.
• F5, Inc. FFIV shares climbed 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.
• Heidrick & Struggles International, Inc. HSII gained 10.2% to $39.41 following upbeat quarterly results.
• Pharming Group N.V. PHAR shares rose 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.
• CNO Financial Group, Inc. CNO jumped 9% to $33.78 following upbeat quarterly results.
• Latham Group, Inc. SWIM surged 8.6% to $3.78.
• Stanley Black & Decker, Inc. SWK gained 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.
• Eagle Materials Inc. EXP jumped 8.1% to $268.95 after the company reported better-than-expected first-quarter EPS results.
• NovoCure Limited NVCR rose 8% to $22.47.
• Spirit Airlines, Inc. SAVE gained 7.3% to $3.0802. Spirit Airlines announced low-fare travel with new premium offerings starting Aug. 2024.
• Zebra Technologies Corporation ZBRA jumped 6.4% to $356.62 after the company reported better-than-expected quarterly financial results. Additionally, the company raised its FY24 guidance.
• Gartner, Inc. IT rose 6.4% to $500.83 following better-than-expected quarterly earnings.
• Phillips 66 PSX climbed 4.9% to $147.31 after the company reported better-than-expected quarterly financial results.
• Pegasystems Inc. PEGA gained 4.8% to $69.13.
• American Airlines Group Inc. AAL gained 4.3% to $10.88.

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