UVE - Bioventus Reports Upbeat Earnings Joins Ranpak Beachbody And Other Big Stocks Moving Higher On Tuesday | Benzinga
U.S. stocks were higher, with the Dow Jones index surging more than 200 points on Tuesday.
Shares of Bioventus Inc. (NASDAQ: BVS) rose sharply during Tuesday’s session after the company reported better-than-expected quarterly financial results and issued FY24 net sales guidance above estimates.
Bioventus posted adjusted earnings of 7 cents per share, beating market estimates of 2 cents per share. The company’s quarterly sales came in at $135.42 million, versus expectations of $123.96 million, according to data from Benzinga Pro.
Bioventus shares surged 10.8% to $5.88 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Ranpak Holdings Corp. (NASDAQ: PACK) shares climbed 40.1% to $6.12 after the company reported better-than-expected fourth-quarter revenue results and issued FY24 guidance. Also, Baird maintained an Outperform rating on the stock and raised its price target from $5 ...