Texas Instruments Posts Strong Q3 Results, Joins Valmont Industries, Lithia Motors, Teledyne Technologies And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Wednesday.

Shares of Texas Instruments Incorporated TXN rose sharply during Wednesday's session following better-than-expected third-quarter financial results.

Texas Instruments reported quarterly earnings of $1.47 per share, which beat the analyst consensus estimate of $1.37. Quarterly revenue of $4.151 billion beat the consensus estimate of $4.12 billion.

Texas Instruments shares surged 4.3% to $202.30 on Wednesday.

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

• Stride, Inc. LRN shares climbed 31% to $84.49 after the company reported better-than-expected first-quarter financial results and issued FY25 and Q2 revenue guidance above estimates.
• Upwork Inc. UPWK gained 24.4% to $12.50 after the company reported preliminary third-quarter revenue guidance above estimates. Also, the company announced organizational changes including a workforce reduction.
• Vicor Corporation VICR gained 18.3% to $51.43 after the company reported better-than-expected third-quarter financial results.
• John Bean Technologies Corporation JBT surged 11.7% to $106.36 after the company reported better-than-expected third-quarter adjusted EPS and sales.
• Valmont Industries, Inc. VMI gained 10.6% to $326.14 following upbeat quarterly earnings.
• Daqo New Energy Corp. DQ climbed 8.9% to $22.67.
• Lithia Motors, Inc. LAD gained 8.9% to $331.58 following better-than-expected quarterly earnings.
• Northern Trust Corporation NTRS surged 7.5% to $103.00 after the company reported better-than-expected quarterly financial results.
• East West Bancorp, Inc. EWBC rose 7.5% to $97.14 following upbeat earnings.
• Packaging Corporation of America PKG gained 5.8% to $229.32 after the company reported better-than-expected quarterly financial results.
• Renasant Corporation RNST surged 5.5% to $34.25 following strong quarterly results.
• ImmunityBio, Inc. IBRX gained 5% to $3.6600. EF Hutton analyst Jason Kolbert initiated coverage on ImmunityBio with a Buy rating and announced a price target of $30.
• Teledyne Technologies Incorporated TDY gained 4.2% to $461.94 after reporting strong quarterly earnings.

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