Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks traded lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of Acuity Brands, Inc. (NYSE: AYI) rose sharply Tuesday’s session after the company reported better-than-expected first-quarter earnings.
Acuity Brands reported a first-quarter FY24 net sales decline of 9% year-over-year to $934.7 million, marginally missing the consensus of $935.1 million. Adjusted EPS of $3.72 beat the consensus of $3.23.
Acuity Brands shares jumped 10.2% to $225.51 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Juniper Networks, Inc. (NYSE: JNPR) shares gained 21.5% to $36.71. Hewlett Packard Enterprise Co (NYSE: HPE) is reportedly in advanced discussions to acquire networking equipment competitor Juniper Networks.
- Accolade, Inc. (NASDAQ: ACCD) jumped 17.2% to $13.61 following third-quarter results.
- Century Aluminum Company (NASDAQ: CENX) shares rose 14.4% to $12.18. B. Riley Securities upgraded Century Aluminum from Neutral to Buy and raised the price target from $10 to $14.
- ACM Research, Inc. (NASDAQ: ACMR) surged 12.8% to $19.22. ACM Research said it sees FY23 revenue of $530 million to $545 million.
- Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) gained 10.9% to $13.98.
- Nukkleus Inc. (NASDAQ: NUKK) gained 9.6% to $2.27.
- Wheels Up Experience Inc. (NYSE: UP) jumped 9.6% to $4.66.
- Urban Outfitters, Inc. (NASDAQ: URBN) climbed 9.1% to $39.17 after the company reported a 10% increase in total company net sales for the two months ended Dec. 31, 2023.
- Sotera Health Company (NASDAQ: SHC) rose 9.1% to $17.22. Sotera Health presented FY23 revenue guidance of $1.04 billion to $1.05 billion at 42nd Annual J.P. Morgan Healthcare Conference.
- NextNav Inc. (NASDAQ: NN) gained 9% to $5.04.
- MaxCyte, Inc. (NASDAQ: MXCT) rose 8.9% to $5.00 after the company announced strong preliminary fourth-quarter and full year 2023 revenue results.
- IGM Biosciences, Inc. (NASDAQ: IGMS) gained 8.5% to $12.04.
- Orthofix Medical Inc. (NASDAQ: OFIX) gained 8.4% to $14.40. Orthofix Medical reported preliminary FY23 net sales of $746.3 million versus consensus of $741.52 million.
- Establishment Labs Holdings Inc. (NASDAQ: ESTA) rose 8.4% to $29.95. Establishment Labs announced a $50 Million private placement and preliminary unaudited financial results for the fourth quarter and fiscal year 2023.
- Illumina, Inc. (NASDAQ: ILMN) gained 8.2% to $144.72 after the company reported preliminary FY23 consolidated revenue guidance above estimates.
- Sarepta Therapeutics, Inc. (NASDAQ: SRPT) gained 6.6% to $109.40. Wedbush analyst Andreas Argyrides reiterated Sarepta Therapeutics with an Outperform and maintained a $224 price target.
Now Read This: Dow Tumbles Over 200 Points; US Trade Gap Narrows In November
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.