WOOF - Why Patterson Companies Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session | Benzinga
Shares of Patterson Companies, Inc. (NASDAQ: PDCO) moved lower during Wednesday’s session after the company reported worse-than-expected second-quarter financial results and lowered FY24 adjusted EPS guidance below estimates.
Patterson posted adjusted earnings of 50 cents per share, missing market estimates of 58 cents per share. The company’s quarterly sales came in at $1.65 billion versus expectations of $1.70 billion.
Patterson shares declined 14% to $27.01 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Vivos Therapeutics, Inc. (NASDAQ: VVOS) shares jumped 135.2% to $10.53 after the company received first ever FDA 510(k) clearance for oral device treatment of severe obstructive sleep apnea.
- China Pharma Holdings, Inc. (NYSE: CPHI) climbed 86.7% to $0.1861. China Pharma reported completion of third party testing of dry eye disease therapeutic device.
- Envoy Medical, Inc. (NASDAQ: COCH) shares jumped 55.3% to $2.75. Envoy Medical, last week, reported a profit for the third quarter.
- Avenue Therapeutics, Inc. (NASDAQ: ATXI) climbed 49.4% to $0.2841. Avenue Therapeutics recently posted a profit for the third quarter.
- Biomea Fusion, Inc. (NASDAQ: BMEA) shares jumped 40.1% to $13.93.
- Yoshiharu Global Co. (NASDAQ: YOSH) shares gained 33.4% to $6.39 after gaining over 22% on Tuesday.
- 10X Capital Venture Acquisition Corp. II (NASDAQ: VCXA) surged 30.3% to $10.61.
- Rover Group, Inc. (NASDAQ: ROVR) gained 28.4% to $10.93 after the company announced it agreed to be acquired by Blackstone in a $2.3 billion transaction.
- Fluence Energy, Inc. (NASDAQ: FLNC) shares jumped 28% to $25.95 after reporting fourth-quarter results. Fluence Energy also initiated FY24 revenue guidance of $2.7 billion to $3.3 billion.
- Ault Alliance, Inc. (NYSE: AULT) shares gained 25.6% to $0.1020. Ault Alliance announced its intention to commence an exchange offer to acquire shares of its ...