NYCB - Powell Industries Posts Upbeat Results Joins A10 Networks Garmin DuPont And Other Big Stocks Moving Higher On Wednesday | Benzinga
U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday.
Shares of Powell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results.
Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro.
Powell Industries shares jumped 23.2% to $176.16 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.
- TransMedics Group, Inc. (NASDAQ:TMDX) shares climbed 28% to $120.26 after the company raised its 2024 guidance.
- Surmodics, Inc. (NASDAQ:SRDX) rose 27.2% to $32.69 following strong quarterly results.
- CareDx, Inc (NASDAQ:CDNA) shares gained 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.
- TG Therapeutics, Inc. (NASDAQ:TGTX) rose 21.7% to $16.64 following a first-quarter ...