ZBRA - Reliance Steel & Aluminum Posts Upbeat Earnings Joins JFrog AppLovin Shake Shack And Other Big Stocks Moving Higher On Thursday | Benzinga
U.S. stocks were mostly higher, with the Dow Jones index gaining more than 150 points on Wednesday.
Shares of Reliance Steel & Aluminum Co. (NYSE: RS) rose sharply in today’s session after the company reported fourth-quarter earnings above estimates and issued above-consensus first-quarter FY24 adjusted EPS.
Reliance Steel & Aluminum posted adjusted earnings of $4.73 per share, beating market estimates of $3.92 per share. The company’s quarterly sales came in at $3.34 billion versus estimates of $3.30 billion.
Reliance Steel & Aluminum shares climbed 10.4% to $325.15 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Nano-X Imaging Ltd. (NASDAQ: NNOX) shares surged 54.7% to $9.84. Nvidia reported a 59,632 share stake in Nano X Imaging.
- SoundHound AI, Inc. (NASDAQ: SOUN) rose 53% to $3.4499. According to data from Benzinga Pro, BlackRock reported a 5.6% passive stake in SoundHound AI after the market close. Traders also appear to be circling a filing from Nvidia in which the company disclosed positions in several companies, including SoundHound AI.
- Pegasystems Inc. (NASDAQ: PEGA) climbed 27.8% to $64.84 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS and revenue guidance above estimates.
- JFrog Ltd. (NASDAQ: FROG) shares gained 27% to $47.09 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS and ...