URBN - Acuity Brands Posts Upbeat Earnings Joins Accolade Urban Outfitters And Other Big Stocks Moving Higher On Tuesday | Benzinga
U.S. stocks traded lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of Acuity Brands, Inc. (NYSE: AYI) rose sharply Tuesday’s session after the company reported better-than-expected first-quarter earnings.
Acuity Brands reported a first-quarter FY24 net sales decline of 9% year-over-year to $934.7 million, marginally missing the consensus of $935.1 million. Adjusted EPS of $3.72 beat the consensus of $3.23.
Acuity Brands shares jumped 10.2% to $225.51 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Juniper Networks, Inc. (NYSE: JNPR) shares gained 21.5% to $36.71. Hewlett Packard Enterprise Co (NYSE: HPE) is reportedly in advanced discussions to acquire networking equipment competitor Juniper Networks.
- Accolade, Inc. (NASDAQ: ACCD) jumped 17.2% to $13.61 following third-quarter results.
- Century Aluminum Company (NASDAQ: