Snap Posts Upbeat Earnings, Joins Unisys, AtriCure, Garmin And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.

Shares of Snap Inc. SNAP gained 13.5% to $12.38 following better-than-expected quarterly financial results.

Snap reported third-quarter revenue of $1.373 billion, beating the consensus estimate of $1.358 billion, according to Benzinga Pro. The social media company reported adjusted earnings of 8 cents per share, beating analyst estimates of 5 cents per share.

Snap shares jumped 13.5% to $12.38 on Wednesday.

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

• Reddit, Inc. RDDT shares jumped 41.3% to $115.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
• Omnicell, Inc. OMCL gained 37% to $54.99 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates.
• Unisys Corporation UIS surged 30.7% to $7.03 after the company reported better-than-expected third-quarter sales results and raised its FY24 non-GAAP operating profit margin guidance.
• ASP Isotopes Inc. ASPI rose 30.7% to $7.53 after the company announced that it has entered into a term sheet with TerraPower for the construction of a HALEU production facility.
• NerdWallet, Inc. NRDS gained 27.3% to $14.41 after the company reported better-than-expected quarterly revenue results.
• AtriCure, Inc. ATRC surged 23% to $36.21 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. Also, Needham maintained a Buy rating on the stock and raised its price target from $34 to $40.
• Garmin Ltd. GRMN gained 22.9% to $204.48 after the company reported better-than-expected third-quarter financial results and raised annual outlook.
• Exelixis, Inc. EXEL surged 14.6% to $32.92 after the company reported better-than-expected quarterly financial results and raised its FY24 sales guidance above estimates.
• The Cheesecake Factory Incorporated CAKE gained 13.6% to $48.69 after the company reported better-than-expected quarterly adjusted EPS results. Also, multiple firms raised their respective price targets on the stock.
• Adtalem Global Education Inc. ATGE rose 12.7% to $84.53 following first-quarter results.
• FMC Corporation FMC gained 11.5% to $67.12 following better-than-expected quarterly earnings.
• OneMain Holdings, Inc. OMF rose 10.8% to $52.63 following strong quarterly earnings.
• Smurfit Westrock Plc SW gained 10.4% to $49.38 following third-quarter results.
• Dell Technologies Inc. DELL surged 6.2% to $129.21.
• Alphabet Inc. GOOG gained 5.3% to $180.25 following better-than-expected third-quarter earnings.

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