U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of United Parcel Service, Inc. UPS rose during Thursday's session after the company reported better-than-expected quarterly EPS and sales.
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.
United Parcel Service shares jumped 5% to $137.93 on Thursday.
Here are some other big stocks recording gains in today's session.
- QuantumScape Corporation QS shares jumped 31.6% to $6.82 after the company said it has begun producing low volumes of its first B-sample cells and has begun shipping cells for automotive customer testing.
- Molina Healthcare, Inc. MOH gained 22.8% to $337.89 after the company reported better-than-expected third-quarter financial results.
- West Pharmaceutical Services, Inc. WST climbed 20.7% to $345.82 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates. Also, the company increased its fourth-quarter dividend.
- Viking Therapeutics, Inc. VKTX gained 18.7% to $71.65 after the company reported better-than-expected third-quarter EPS results.
- LendingClub Corporation LC gained 17.7% to $14.67 after the company reported better-than-expected third-quarter financial results.
- American Coastal Insurance Corporation ACIC surged 16.8% to $12.09 after the company provided updates on hurricane loss amounts and announced it expects a positive net income for the third quarter.
- Tesla, Inc. TSLA gained 16.5% to $248.93 following better-than-expected quarterly earnings.
- Celestica Inc. CLS climbed 15.6% to $66.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
- Zai Lab Limited ZLAB gained 15.2% to $33.33 after the company presented data from its ongoing Phase 1a/1b study of ZL-1310 for previously treated extensive-stage small cell lung cancer at the EORTC-NCI-AACR Symposium 2024.
- Pegasystems Inc. PEGA gained 14.2% to $79.66.
- AST SpaceMobile, Inc. ASTS surged 13.2% to $29.72 after the company announced it bagged a contract with the Space Development Agency as the prime contractor to the US Government.
- ADT Inc. ADT gained 11.2% to $7.70 after the company reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS above estimates.
- Whirlpool Corporation WHR rose 10% to $109.18 following a third-quarter EPS beat and guidance above consensus estimates.
- Plexus Corp. PLXS rose 9.9% to $149.00 after the company reported better-than-expected fourth-quarter financial results.
- Rocket Lab USA, Inc. RKLB gained 9.9% to $12.00 after Keybanc maintained an Overweight rating on the stock and raised its price target from $11 to $12.
- CBRE Group, Inc. CBRE gained 9.7% to $135.12 after the company reported better-than-expected third-quarter financial results and raised its FY24 adjusted EPS guidance above estimates.
- Tyler Technologies, Inc. TYL rose 8.2% to $629.72 following upbeat quarterly earnings.
- Labcorp Holdings Inc. LH gained 7.6% to $236.52 following strong quarterly earnings.
- Pool Corporation POOL gained 7.5% to $377.11 following strong quarterly sales.
- T-Mobile US, Inc. TMUS gained 4.1% to $230.00 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.
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