IBM Posts Upbeat Earnings, Joins Oshkosh, Las Vegas Sands, Nokia, Quest Diagnostics And Other Big Stocks Moving Higher On Thursday

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.

Shares of International Business Machines Corporation IBM gained 12.8% to $174.33 following the release of its fourth-quarter earnings, which surpassed analysts' expectations. The tech giant also unveiled its ambitious artificial intelligence strategy, further boosting investor confidence.

IBM reported earnings per share of $3.92, exceeding the anticipated $3.75. Revenue also edged past forecasts, reaching $17.55 billion compared to the projected $17.54 billion.

IBM shares climbed 13.7% to $259.86 on Thursday.

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

Tectonic Therapeutic, Inc. TECX shares jumped 97.5% to $50.80 after interim results showed TX45 achieved improvements in hemodynamics that met and exceeded prespecified objectives.
NetScout Systems, Inc NTCT gained 19.5% to $26.70 after the company reported better-than-expected quarterly financial results.
Flagstar Financial, Inc. FLG gained 16.6% to $11.19 after the company reported better-than-expected quarterly financial results.
Oshkosh Corporation OSK shares rose 15.4% to $110.40 after the company beat fourth-quarter EPS and revenue estimates, initiated FY25 EPS guidance above expectations and raised its quarterly dividend by 11%.
Butterfly Network, Inc. BFLY gained 14% to $4.0000 after the company announced a $75.6 million public offering of class A common stock.
Celestica Inc. CLS rose 14% to $114.54 following better-than-expected fourth-quarter financial results and first-quarter guidance issued above estimates.
ACM Research, Inc. ACMR shares gained 14% to $19.92 after Kerrisdale Capital announced a long position in the stock.
Credo Technology Group Holding Ltd CRDO rose 11.8% to $65.76.
Calix, Inc. CALX gained 10.5% to $40.76 after the company reported better-than-expected quarterly financial results.
Semtech Corporation SMTC rose 10.4% to $66.54.
Las Vegas Sands Corp. LVS gained 8.8% to $47.27 after the company reported better-than-expected quarterly revenue results.
Check Point Software Technologies Ltd. CHKP gained 8.5% to $221.22 following a fourth-quarter adjusted EPS and revenue beat..
Roper Technologies, Inc. ROP rose 7% to $579.97 after the company reported better-than-expected quarterly financial results.
Nokia Oyj NOK gained 7% to $4.75 after the company reported better-than-expected fourth-quarter financial results.
Domino’s Pizza, Inc. DPZ climbed 6.6% to $456.16.
Quest Diagnostics Incorporated DGX rose 5.5% to $164.07 following upbeat quarterly earnings.