U.S. stocks were higher, with the Dow Jones index gaining around 1,300 points on Wednesday.
Shares of Mercury Systems, Inc. MRCY rose sharply during Wednesday's session after the company reported better-than-expected quarterly financial results.
Mercury Systems reported quarterly earnings of 4 cents per share which beat the analyst consensus estimate of a loss of 8 cents per share. The company reported quarterly sales of $204.431 million which beat the analyst consensus estimate of $181.772 million.
Mercury Systems shares jumped 16.7% to $39.90 on Tuesday.
Here are some other big stocks recording gains in today's session.
- The GEO Group, Inc. GEO shares jumped 36.2% to $20.60.
- CoreCivic, Inc. CXW shares gained 28.2% to $17.47.
- Cytek Biosciences, Inc. CTKB jumped 28% to $6.96 following upbeat quarterly results.
- Treace Medical Concepts, Inc. TMCI shares gained 26.3% to $7.22 following strong quarterly results.
- United Fire Group, Inc. UFCS surged 23.3% to $24.58 following upbeat quarterly earnings.
- Revolve Group, Inc. RVLV gained 19.8% to $31.18 following third-quarter results.
- Rayonier Advanced Materials Inc. RYAM rose 19.8% to $9.75 after posting third-quarter results.
- Coinbase Global, Inc. COIN gained 18.3% to $229.39.
- ArcBest Corporation ARCB rose 16.6% to $121.35 following quarterly results.
- Kennametal Inc. KMT gained 16.3% to $30.91 following better-than-expected quarterly earnings.
- Synchrony Financial SYF gained 16.2% to $66.03.
- Evercore Inc. EVR rose 15.4% to $313.80.
- Nucor Corporation NUE surged 15.2% to $166.57.
- Piper Sandler Companies PIPR rose 15.1% to $334.57.
- Robinhood Markets, Inc. HOOD surged 14.9% to $28.68.
- Qualys, Inc. QLYS gained 13.6% to $145.65 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.
- Capital One Financial Corporation COF gained 12.8% to $187.38.
- Steel Dynamics, Inc. STLD surged 12.8% to $153.07.
- Tesla, Inc. TSLA rose 12.6% to $282.93 following Trump win.
- The Goldman Sachs Group, Inc. GS gained 12.4% to $592.23.
- CVS Health Corporation CVS surged 10.7% to $61.26 following strong quarterly revenue.
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