U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Tuesday.
Shares of Emerson Electric Co (NYSE:EMR) rose sharply during Monday's session after the company reported better-than-expected fourth-quarter financial results and issued FY25 adjusted EPS guidance above estimates. Also, the company announced it increased return of capital to shareholders with plans to repurchase approximately $2B in FY25.
Net sales growth of 13% year over year to $4.62 billion, beating the consensus of $4.57 billion. Underlying sales were up 4%, and underlying orders increased by 2% in the quarter. Adjusted EPS improved 15% to $1.48, beating the consensus of $1.47.
Emerson Electric shares jumped 6.6% to $117.01 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Vimeo, Inc. (NASDAQ:VMEO) shares jumped 42.7% to $6.86 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
- Gogo Inc (NASDAQ:GOGO) gained 29.3% to $8.47 after the company reported better-than-expected third-quarter financial results.
- Astera Labs Inc (NASDAQ:ALAB) rose 29.1% to $90.14 after the company reported better-than-expected third-quarter EPS and sales.
- Aris Water Solutions Inc (NYSE:ARIS) gained 25.8% to $20.84 following strong quarterly results.
- Palantir Technologies Inc (NYSE:PLTR) gained 22.4% to $50.70 after the company reported better-than-expected third-quarter financial results and issued guidance above consensus estimates.
- UFP Technologies Inc (NASDAQ:UFPT) rose 20.7% to $335.00 after the company reported better-than-expected third-quarter financial results.
- Lindblad Expeditions Holdings Inc (NASDAQ:LIND) gained 20.6% to $11.28 after the company reported better-than-expected third-quarter financial results.
- DXP Enterprises Inc (NASDAQ:DXPE) gained 18.7% to $60.45 following strong quarterly results.
- Century Aluminum Co (NASDAQ:CENX) gained 17.7% to $20.66 following upbeat quarterly earnings.
- Payoneer Global Inc (NASDAQ:PAYO) climbed 16% to $9.88 after the company reported better-than-expected quarterly EPS and sales and raised its FY24 revenue guidance.
- Cushman & Wakefield PLC (NYSE:CWK) gained 13.2% to $14.88 after the company reported better-than-expected quarterly adjusted EPS results.
- Ingredion Inc (NYSE:INGR) rose 12.6% to $150.97 following upbeat earnings.
- Primoris Services Corp (NYSE:PRIM) gained 10.5% to $71.11 following strong quarterly earnings.
- Powell Industries, Inc. (NASDAQ:POWL) rose 9.1% to $293.34.
- Cummins Inc (NYSE:CMI) gained 8.7% to $353.91 after the company reported better-than-expected third-quarter financial results.
- Nomura Holdings Inc (NYSE:NMR) rose 7.3% to $5.64 following second-quarter results.
- Apollo Global Management (NYSE:APO) gained 6.8% to $149.00 after the company reported better-than-expected quarterly financial results.
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