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  • Corning Posts Upbeat Q3 Earnings, Joins Opera, Inari Medical, Incyte And Other Big Stocks Moving Higher On Tuesday

Corning Posts Upbeat Q3 Earnings, Joins Opera, Inari Medical, Incyte And Other Big Stocks Moving Higher On Tuesday

Benzinga ·  Oct 29 22:47

U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.

Shares of Corning Incorporated (NYSE:GLW) rose sharply during Tuesday's session after reporting better-than-expected third-quarter financial results and issued better-than-expected fourth-quarter outlook.

Corning reported quarterly earnings of 54 cents per share which beat the analyst consensus estimate of 52 cents per share. The company reported quarterly sales of $3.73 billion which beat the analyst consensus estimate of $3.72 billion.

Corning shares jumped 7% to $50.12 on Tuesday.

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

  • GeneDx Holdings Corp. (NASDAQ:WGS) shares jumped 39% to $77.96 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance.
  • V.F. Corporation (NYSE:VFC) shares gained 25.3% to $21.35 after the company reported better-than-expected second-quarter financial results.
  • Canaan Inc. (NASDAQ:CAN) gained 18% to $1.25.
  • Lithium Americas Corp. (NYSE:LAC) climbed 15.7% to $4.79. Lithium Americas closed $2.26 billion U.S. DOE ATVM loan.
  • Opera Limited (NASDAQ:OPRA) gained 15.5% to $19.48 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance..
  • Inari Medical, Inc. (NASDAQ:NARI) gained 15.1% to $49.00 after the company reported better-than-expected third-quarter sales results and raised its FY24 revenue guidance above estimates. Also, Piper Sandler maintained a Neutral rating on the stock and raised its price target from $50 to $5.
  • Shutterstock, Inc. (NYSE:SSTK) gained 11.7% to $32.98 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates. Also, the company announced it will integrate its GIPHY API into TikTok's messaging platform.
  • IPG Photonics Corporation (NASDAQ:IPGP) gained 9.3% to $86.61 following upbeat quarterly earnings.
  • Rambus Inc. (NASDAQ:RMBS) gained 8.7% to $48.74 following third-quarter results.
  • Incyte Corporation (NASDAQ:INCY) rose 8.4% to $71.21 after the company reported better-than-expected third-quarter revenue results and raised its FY24 net product revenue guidance.
  • Hayward Holdings, Inc. (NYSE:HAYW) gained 8.3% to $16.03 after the company reported better-than-expected third-quarter financial results and raised the lower end of its FY24 net sales guidance range.
  • CBIZ, Inc. (NYSE:CBZ) rose 7.5% to $71.88 following upbeat quarterly earnings.
  • Rubrik, Inc. (NYSE:RBRK) rose 7% to $43.42.

Now Read This:

  • Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields
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