THC - Eaton Posts Strong Results Joins Ferrari Boot Barn And Other Big Stocks Moving Higher On Thursday | Benzinga
U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Thursday.
Shares of Eaton Corporation plc (NYSE: ETN) rose sharply during Thursday’s session after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
Eaton posted adjusted earnings of $2.55 per share, beating market estimates of $2.47 per share. The company’s quarterly sales came in at $5.97 billion versus expectations of $5.91 billion, according to data from Benzinga Pro.
Eaton shares gained 6.2% to $261.48 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Cimpress plc (NASDAQ: CMPR) shares surged 28.8% to $96.90 after the company reported better-than-expected second-quarter financial results and said the board authorized the repurchase of up to $150 million of company shares.
- Nextracker Inc. (NASDAQ: NXT) rose gained 18.8% to $53.79 after the company reported better-than-expected third-quarter financial results.
- SunPower Corporation (NASDAQ: SPWR) gained 18.1% to $3.5791.
- Corteva, Inc. (NYSE: CTVA) rose 16.2% to $52.84 after the company reported better-than-expected quarterly financial results, issued 2024 guidance and announced a $1 billion ...