Toll Brothers Posts Strong Earnings, Joins Keysight, Coty, TJX And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Wednesday.

Shares of Toll Brothers, Inc. TOL rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued FY24 EPS guidance above estimates.

The company reported adjusted EPS of $3.60, beating analysts estimate of $3.31 and sales of $2.73 billion, beating analysts estimate of $2.71 billion.

Toll Brothers shares climbed 6.5% to $142.27 on Wednesday.

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

• BigBear.ai Holdings, Inc. BBAI shares gained 30.1% to $1.7312 after the company received an award as a subcontractor to Concept Solutions.
• PROCEPT BioRobotics Corporation PRCT jumped 26% to $81.89 after the company announced FDA 510(k) clearance of its HYDROS Robotic system.
• Tempus AI, Inc TEM gained 17.6% to $69.09.
• GDS Holdings Limited GDS jumped 16.6% to $14.70 after its second-quarter FY24 results.
• Eos Energy Enterprises, Inc. EOSE climbed 14.4% to $2.1650 after Stifel maintained a Buy rating on the stock and announced a price target of $6.
• UTime Limited WTO gained 14.4% to $1.6478 after the company announced a collaboration with Dr. Ehud Baron.
• Kyverna Therapeutics, Inc. KYTX jumped 13.6% to $8.42.
• Trump Media & Technology Group Corp. DJT gained 13.4% to $24.28 amid a possible rebound due to President Trump’s first outdoor rally since the attempted assassination and campaign attention during the ongoing Democratic National Convention. Robert F. Kennedy Jr’s running mate, Nicole Shanahan, mentioned in a podcast yesterday that the third party’s campaign is weighing options that include joining forces with Donald Trump.
• Keysight Technologies, Inc. (NYSE KEYS) rose 12.6% to $156.13 following better-than-expected third-quarter financial results.
• Globalstar, Inc. GSAT gained 12.6% to $1.4350.
• Target Corporation TGT climbed 12.2% to $160.79 following upbeat quarterly earnings.
• QXO, Inc. QXO rose 11.8% to $13.87.
• Credo Technology Group Holding Ltd CRDO climbed 10.7% to $35.44.
• Vipshop Holdings Limited VIPS gained 9.3% to $12.64. CLSA analyst Leo You downgraded Vipshop from Outperform to Hold and lowered the price target from $15.8 to $12.
• AST SpaceMobile, Inc. ASTS rose 8.3% to $37.17.
• Coty Inc. COTY gained 6.4% to $10.14 following fourth-quarter results.
• The TJX Companies, Inc. TJX rose 6% to $120.04 following strong quarterly earnings.

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