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American Eagle Reports Upbeat Earnings, Joins Kroger, Burlington Stores And Other Big Stocks Moving Higher On Thursday

Published 07/03/2024, 15:23
Updated 07/03/2024, 16:40
© Reuters.  American Eagle Reports Upbeat Earnings, Joins Kroger, Burlington Stores And Other Big Stocks Moving Higher On Thursday

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

U.S. stocks were higher, with the Dow Jones index gaining more than 150 points on Thursday.

Shares of American Eagle Outfitters, Inc. (NYSE: AEO) rose during Thursday’s session after the company reported better-than-expected fourth-quarter earnings and issued strong three-year revenue outlook strategy.

American Eagle Outfitters posted adjusted earnings of 61 cents per share, beating market estimates of 50 cents per share. The company’s quarterly sales came in at $1.68 billion versus estimates of $1.66 billion, according to data from Benzinga Pro.

American Eagle shares gained 5.4% to $24.72 on Thursday.

Here are some other big stocks recording gains in today’s session.

  • MoneyLion Inc. (NYSE: ML) rose 28.3% to $67.43 following strong quarterly sales.
  • CompoSecure, Inc. (NASDAQ: CMPO) jumped 27.5% to $5.99 as the company reported better-than-expected fourth-quarter financial results on Wednesday.
  • Rush Street Interactive, Inc. (NYSE: RSI) surged 25.6% to $6.77 as the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for 2024.
  • OneSpan Inc. (NASDAQ: OSPN) rose 24.9% to $11.97 after the company reported better-than-expected fourth-quarter financial results.
  • Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) gained 23.2% to $41.35.
  • Enhabit, Inc. (NASDAQ: EHAB) surged 21.9% to $9.58 following strong quarterly results.
  • Rentokil Initial plc (NYSE: RTO) climbed 19.2% to $32.94 after the company reported better-than-expected FY23 financial results.
  • Wave Life Sciences Ltd. (NYSE: WVE) rose 18.8% to $7.47. HC Wainwright & Co. analyst Andrew Fein maintained WAVE Life Sciences with a Buy and raised the price target from $8 to $15.
  • The Honest Company, Inc. (NASDAQ: HNST) gained 18.5% to $3.7301 after the company reported better-than-expected fourth-quarter financial results.
  • Dave Inc. (NYSE: DAVE) gained 18.2% to $37.38.
  • The Chemours Company (NYSE: CC) rose 16.5% to $25.67.
  • Arhaus, Inc. (NASDAQ: ARHS) climbed 15.2% to $14.77 following upbeat quarterly results.
  • AudioEye, Inc. (NASDAQ: AEYE) shares rose 13.8% to $7.89 after the company reported mixed fourth-quarter financial results and issued guidance.
  • Kronos Worldwide, Inc. (NYSE: KRO) rose 13.5% to $9.82 following upbeat quarterly results.
  • OrthoPediatrics Corp. (NASDAQ: KIDS) gained 13.1% to $ 30.45 following upbeat quarterly earnings.
  • Avangrid, Inc. (NYSE: AGR) rose 12.7% to $36.15 after the company announced that the Unaffiliated Committee of its Board of Directors received a non-binding proposal from Iberdrola to acquire all common shares that it or its affiliates do not own for $34.25 in cash per share.
  • John Wiley & Sons, Inc. (NYSE: WLY) surged 11.5% to $36.92 following better-than-expected quarterly results.
  • E2open Parent Holdings, Inc. (NYSE: ETWO) rose 10.5% to $4.4750. E2open announced initiation of a strategic review.
  • DXP Enterprises, Inc. (NASDAQ: DXPE) gained 9.3% to $38.31 after reporting a fourth-quarter profit..
  • Novo Nordisk A/S (NYSE: NVO) gained 8.6% to $ 135.51 after the company announced that a Phase 1 trial of its experimental drug Amycretin showed that participants lost 13.1% of their weight after 12 weeks.
  • ASE Technology Holding Co., Ltd. (NYSE: ASX) rose 8% to $ 11.46.
  • Burlington Stores, Inc. (NYSE: BURL) gained 7% to $220.15 after the company reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance.
  • The Kroger Co. (NYSE: KR) climbed 6.9% to $53.99 after the company reported fourth-quarter EPS above estimates.
  • Yext, Inc. (NYSE: YEXT) shares rose 6.1% to $6.32 after the company reported better-than-expected fourth-quarter financial results.
  • Tronox Holdings plc (NYSE: TROX) rose 5.8% to $15.88.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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