U.S. stocks were higher, with the Dow Jones index gaining around 50 points on Tuesday.
Shares of Snap Inc. (NYSE:SNAP) gained 13.5% to $12.38 following better-than-expected quarterly financial results.
Snap reported third-quarter revenue of $1.373 billion, beating the consensus estimate of $1.358 billion, according to Benzinga Pro. The social media company reported adjusted earnings of 8 cents per share, beating analyst estimates of 5 cents per share.
Snap shares jumped 13.5% to $12.38 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Reddit, Inc. (NYSE:RDDT) shares jumped 41.3% to $115.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.
- Omnicell, Inc. (NASDAQ:OMCL) gained 37% to $54.99 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates.
- Unisys Corporation (NYSE:UIS) surged 30.7% to $7.03 after the company reported better-than-expected third-quarter sales results and raised its FY24 non-GAAP operating profit margin guidance.
- ASP Isotopes Inc. (NASDAQ:ASPI) rose 30.7% to $7.53 after the company announced that it has entered into a term sheet with TerraPower for the construction of a HALEU production facility.
- NerdWallet, Inc. (NASDAQ:NRDS) gained 27.3% to $14.41 after the company reported better-than-expected quarterly revenue results.
- AtriCure, Inc. (NASDAQ:ATRC) surged 23% to $36.21 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. Also, Needham maintained a Buy rating on the stock and raised its price target from $34 to $40.
- Garmin Ltd. (NASDAQ:GRMN) gained 22.9% to $204.48 after the company reported better-than-expected third-quarter financial results and raised annual outlook.
- Exelixis, Inc. (NASDAQ:EXEL) surged 14.6% to $32.92 after the company reported better-than-expected quarterly financial results and raised its FY24 sales guidance above estimates.
- The Cheesecake Factory Incorporated (NASDAQ:CAKE) gained 13.6% to $48.69 after the company reported better-than-expected quarterly adjusted EPS results. Also, multiple firms raised their respective price targets on the stock.
- Adtalem Global Education Inc. (NASDAQ:ATGE) rose 12.7% to $84.53 following first-quarter results.
- FMC Corporation (NYSE:FMC) gained 11.5% to $67.12 following better-than-expected quarterly earnings.
- OneMain Holdings, Inc. (NYSE:OMF) rose 10.8% to $52.63 following strong quarterly earnings.
- Smurfit Westrock Plc (NYSE:SW) gained 10.4% to $49.38 following third-quarter results.
- Dell Technologies Inc. (NYSE:DELL) surged 6.2% to $129.21.
- Alphabet Inc. (NASDAQ:GOOG) gained 5.3% to $180.25 following better-than-expected third-quarter earnings.
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