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Texas Instruments Posts Strong Q3 Results, Joins Valmont Industries, Lithia Motors, Teledyne Technologies And Other Big Stocks Moving Higher On Wednesday

Benzinga ·  Oct 24 01:33

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Wednesday.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) rose sharply during Wednesday's session following better-than-expected third-quarter financial results.

Texas Instruments reported quarterly earnings of $1.47 per share, which beat the analyst consensus estimate of $1.37. Quarterly revenue of $4.151 billion beat the consensus estimate of $4.12 billion.

Texas Instruments shares surged 4.3% to $202.30 on Wednesday.

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

  • Stride, Inc. (NYSE:LRN) shares climbed 31% to $84.49 after the company reported better-than-expected first-quarter financial results and issued FY25 and Q2 revenue guidance above estimates.
  • Upwork Inc. (NASDAQ:UPWK) gained 24.4% to $12.50 after the company reported preliminary third-quarter revenue guidance above estimates. Also, the company announced organizational changes including a workforce reduction.
  • Vicor Corporation (NASDAQ:VICR) gained 18.3% to $51.43 after the company reported better-than-expected third-quarter financial results.
  • John Bean Technologies Corporation (NYSE:JBT) surged 11.7% to $106.36 after the company reported better-than-expected third-quarter adjusted EPS and sales.
  • Valmont Industries, Inc. (NYSE:VMI) gained 10.6% to $326.14 following upbeat quarterly earnings.
  • Daqo New Energy Corp. (NYSE:DQ) climbed 8.9% to $22.67.
  • Lithia Motors, Inc. (NYSE:LAD) gained 8.9% to $331.58 following better-than-expected quarterly earnings.
  • Northern Trust Corporation (NASDAQ:NTRS) surged 7.5% to $103.00 after the company reported better-than-expected quarterly financial results.
  • East West Bancorp, Inc. (NASDAQ:EWBC) rose 7.5% to $97.14 following upbeat earnings.
  • Packaging Corporation of America (NYSE:PKG) gained 5.8% to $229.32 after the company reported better-than-expected quarterly financial results.
  • Renasant Corporation (NYSE:RNST) surged 5.5% to $34.25 following strong quarterly results.
  • ImmunityBio, Inc. (NASDAQ:IBRX) gained 5% to $3.6600. EF Hutton analyst Jason Kolbert initiated coverage on ImmunityBio with a Buy rating and announced a price target of $30.
  • Teledyne Technologies Incorporated (NYSE:TDY) gained 4.2% to $461.94 after reporting strong quarterly earnings.

Now Read This:

  • How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings
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