Deere Posts Upbeat Earnings, Joins Foot Locker, Boot Barn, Cisco And Other Big Stocks Moving Higher On Thursday
Benzinga
Yesterday
U.S. stocks were lower, with the Nasdaq Composite falling around 100 points on Thursday.
Shares of Deere & Company (NYSE:DE) rose sharply during Wednesday's session following better-than-expected quarterly results.
Deere posted quarterly earnings of $6.64 per share, beating market estimates of $5.59 per share. The company's quarterly sales came in at $12.76 billion versus expectations of $10.79 billion.
Deere shares jumped 4.9% to $521.76 on Thursday.
Here are some other big stocks recording gains in today’s session.
Foot Locker, Inc. (NYSE:FL) shares gained 82.7% to $23.51 after DICK’s Sporting Goods agreed to acquire the company. Also, the company issued preliminary Q1 non-GAAP EPS results.
Ibotta, Inc. (NYSE:IBTA) jumped 20.8% to $60.57 after the company reported better-than-expected first-quarter financial results and Needham raised its price target on the stock from $60 to $70.
Boot Barn Holdings, Inc. (NYSE:BOOT) gained 17% to $154.79 after the company issued first-quarter guidance with its midpoint above estimates and announced a $200 million share repurchase program.
DLocal Limited (NASDAQ:DLO) gained 15.7% to $11.79 after the company reported better-than-expected first-quarter EPS and sales.
NV5 Global, Inc. (NASDAQ:NVEE) rose 15.4% to $21.76 after the company announced a merger agreement with Acuren.
Gaotu Techedu Inc. (NYSE:GOTU) gained 15.3% to $4.38 after the company reported a year-over-year increase in first-quarter sales results.
Regencell Bioscience Holdings Limited (NASDAQ:RGC) rose 13.7% to $390.00.
VEON Ltd. (NASDAQ:VEON) rose 13.3% to $55.46 after the company reported better-than-expected first-quarter EPS and sales.
NetEase, Inc. (NASDAQ:NTES) gained 13.1% to $121.13 after the company reported better-than-expected first-quarter earnings and sales.
Nextracker Inc. (NASDAQ:NXT) rose 11.6% to $61.42 following upbeat quarterly results.
STERIS plc (NYSE:STE) gained 7.8% to $245.31 following strong quarterly earnings.
Cisco Systems, Inc. (NASDAQ:CSCO) jumped 5.7% to $64.81 after the company reported better-than-expected third-quarter financial results and raised its FY25 guidance.
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