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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

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

Benzinga ·  Oct 23 22:33

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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