G-III Apparel Posts Upbeat Results, Joins NIO, Yext, Shoe Carnival And Other Big Stocks Moving Higher On Thursday

U.S. stocks were mostly lower, with the Dow Jones index falling around 300 points on Thursday.

Shares of G-III Apparel Group, Ltd. GIII rose sharply during Thursday's session after the company reported better-than-expected second-quarter adjusted EPS results and issued its FY25 guidance above estimates.

G-III Apparel Group reported second-quarter adjusted earnings per share of 52 cents, beating the analyst consensus of 27 cents. Quarterly revenues of $644.75 million (down 2%) missed the street view of $649.44 million.

G-III Apparel Group shares surged 23.6% to $30.95 on Thursday.

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

• Applied Digital Corporation APLD shares jumped 68.1% to $5.45 after the company entered agreements for a $160 million private placement financing priced at market, from a group of institutional and accredited investors including NVIDIA and Related Companies.
• EchoStar Corporation SATS gained 14.9% to $21.15.
• Larimar Therapeutics, Inc. LRMR climbed 13.5% to $8.81.
• Uniti Group Inc. UNIT rose 13.3% to $5.32.
• Yext, Inc. YEXT climbed 13% to $5.56 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY25 revenue guidance above estimates. Also, Needham upgraded the stock from Hold to Buy and announced an $8 price target.
• Perpetua Resources Corp. PPTA rose 11.8% to $9.05 after the company announced the U.S. forest service has completed the final environmental impact statement and issued a draft record of decision authorizing the Stibnite gold project.
• Vestis Corporation VSTS gained 11.7% to $15.28 following a report suggesting Elis SA made an offer to buy the company.
• WK Kellogg Co KLG climbed 10.7% to $18.63.
• NIO Inc. NIO gained 10.4% to $4.6850 after the company reported second-quarter financial results and issued better-than-expected third-quarter outlook..
• Shoe Carnival, Inc. SCVL rose 10% to $41.32 after the company reported better-than-expected second-quarter revenue results. Also, the company raised its FY24 guidance.
• Primo Water Corporation PRMW gained 9.4% to $23.92.
• QuidelOrtho Corporation QDEL gained 8.5% to $43.79. Craig-Hallum analyst Alexander Nowak upgraded QuidelOrtho from Hold to Buy and raised the price target from $40 to $57.
• Polestar Automotive Holding UK PLC PSNY gained 8.3% to $1.3095.
• Myriad Genetics, Inc. MYGN gained 7.9% to $27.36.
• Zeta Global Holdings Corp. ZETA gained 7.8% to $26.83. Zeta Global priced $204.9 million public offering of 13.2 million class A common shares at $23.50 per share.
• Sotera Health Company SHC gained 7.7% to $16.59. The company announced a secondary offering of 25 million shares.
• Dollar Tree, Inc. DLTR rose 6.2% to $67.52. Dollar Tree, on Wednesday, reported worse-than-expected second-quarter 2024 earnings.

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