H&R Block Posts Upbeat Earnings, Joins Alibaba Group, CI&T And Other Big Stocks Moving Higher On Friday

U.S. stocks were mixed, with the Dow Jones index falling around 0.1% on Friday.

Shares of H&R Block, Inc. HRB rose sharply during Friday's session after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.

H&R Block reported quarterly earnings of $1.89 per share which beat the analyst consensus estimate of $1.74. The company reported quarterly sales of $1.063 billion which beat the analyst consensus estimate of $1.028 billion.

Also, the company announced a quarterly dividend increase and $1.5 billion share repurchase authorization.

H&R Block shares jumped 16.4% to $66.73 on Friday.

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

• Emergent BioSolutions Inc. EBS shares jumped 25% to $10.82. Shares of vaccine and mpox-related stocks traded higher after the WHO declared it a global health emergency.
• AST SpaceMobile, Inc. ASTS surged 16.4% to $36.52. AST SpaceMobile recently said its first five commercial satellites are on target for orbital launch in the first half of September.
• Rocket Lab USA, Inc. RKLB gained 16% to $6.76. Today, the company said it has successfully packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in readiness for launch.
• Planet Labs PBC PL gained 16% to $2.520 after the company announced that its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE), will launch on the Transporter-11 rideshare mission with SpaceX on August 16.
• Jumia Technologies AG JMIA rose 14.8% to $5.63. Jumia announced completion of at-the-market offering.
• Polestar Automotive Holding UK PLC PSNY gained 14.6% to $0.8482. Cantor Fitzgerald analyst Andres Sheppard reiterated Polestar Automotive with an Overweight and maintained a $3 price target.
• SIGA Technologies, Inc. SIGA gained 14.6% to $11.01.
• Ambipar Emergency Response AMBI climbed 10.5% to $5.99.
• Treace Medical Concepts, Inc. TMCI rose 9.2% to $6.53.
• CI&T Inc. CINT shares gained 7.4% to $7.25 after the company reported better-than-expected second-quarter financial results.
• QXO, Inc. QXO gained 7.1% to $12.15.
• Cellebrite DI Ltd. CLBT rose 6.7% to $15.96. Cellebrite, on Thursday, reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.
• JD.com, Inc. JD gained 5.5% to $28.51.
• Alibaba Group Holding Limited BABA rose 4.9% to $83.44 after multiple analysts raised their price targets on the stock following Thursday’s earnings report.

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