Paychex Posts Better-Than-Expected Earnings, Joins Worthington Enterprises, GameStop, Cintas And Other Big Stocks Moving Higher On Wednesday

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

Shares of Paychex, Inc. PAYX rose sharply during Wednesday's session after the company reported better-than-expected quarterly adjusted EPS.

The company reported third-quarter revenue growth of 5% year-on-year to $1.509 billion, marginally missing the analyst consensus estimate of $1.516 billion. Adjusted EPS of $1.49 beat the consensus estimate of $1.48.

Paychex shares jumped 5.5% to $152.02 on Wednesday.

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

  • Playtika Holding Corp. PLTK shares jumped 23.2% to $5.42.
  • Worthington Enterprises, Inc. WOR gained 18.4% to $49.31 as the company posted better-than-expected earnings for the third quarter.
  • Perimeter Solutions, Inc. PRM rose 15% to $10.48 after UBS upgraded the stock from Neutral to Buy and announced a price target of $14.
  • GameStop Corp. GME gained 14.3% to $29.05 after the company reported better-than-expected quarterly adjusted EPS and announced its board approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
  • Super Hi International Holding Ltd. HDL gained 10.6% to $24.47 following fourth-quarter results.
  • BRP Inc. DOOO gained 9.9% to $39.06 following better-than-expected quarterly earnings.
  • Cintas Corporation CTAS surged 9.6% to $212.18 following better-than-expected quarterly earnings.
  • JinkoSolar Holding Co., Ltd. JKS gained 7.8% to $22.33 following fourth-quarter results.
  • Ashland Inc. ASH rose 5.7% to $60.16. JP Morgan analyst Jeffrey Zekauskas upgraded Ashland from Neutral to Overweight and raised the price target from $68 to $71.
  • Weatherford International plc WFRD rose 4.7% to $57.41.

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