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  • Mercury Systems Posts Strong Results, Joins ArcBest, Tesla, Kennametal, Qualys And Other Big Stocks Moving Higher On Wednesday

Mercury Systems Posts Strong Results, Joins ArcBest, Tesla, Kennametal, Qualys And Other Big Stocks Moving Higher On Wednesday

Benzinga ·  Nov 7 00:05

U.S. stocks were higher, with the Dow Jones index gaining around 1,300 points on Wednesday.

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) rose sharply during Wednesday's session after the company reported better-than-expected quarterly financial results.

Mercury Systems reported quarterly earnings of 4 cents per share which beat the analyst consensus estimate of a loss of 8 cents per share. The company reported quarterly sales of $204.431 million which beat the analyst consensus estimate of $181.772 million.

Mercury Systems shares jumped 16.7% to $39.90 on Tuesday.

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

  • The GEO Group, Inc. (NYSE:GEO) shares jumped 36.2% to $20.60.
  • CoreCivic, Inc. (NYSE:CXW) shares gained 28.2% to $17.47.
  • Cytek Biosciences, Inc. (NASDAQ:CTKB) jumped 28% to $6.96 following upbeat quarterly results.
  • Treace Medical Concepts, Inc. (NASDAQ:TMCI) shares gained 26.3% to $7.22 following strong quarterly results.
  • United Fire Group, Inc. (NASDAQ:UFCS) surged 23.3% to $24.58 following upbeat quarterly earnings.
  • Revolve Group, Inc. (NYSE:RVLV) gained 19.8% to $31.18 following third-quarter results.
  • Rayonier Advanced Materials Inc. (NYSE:RYAM) rose 19.8% to $9.75 after posting third-quarter results.
  • Coinbase Global, Inc. (NASDAQ:COIN) gained 18.3% to $229.39.
  • ArcBest Corporation (NASDAQ:ARCB) rose 16.6% to $121.35 following quarterly results.
  • Kennametal Inc. (NYSE:KMT) gained 16.3% to $30.91 following better-than-expected quarterly earnings.
  • Synchrony Financial (NYSE:SYF) gained 16.2% to $66.03.
  • Evercore Inc. (NYSE:EVR) rose 15.4% to $313.80.
  • Nucor Corporation (NYSE:NUE) surged 15.2% to $166.57.
  • Piper Sandler Companies (NASDAQ:PIPR) rose 15.1% to $334.57.
  • Robinhood Markets, Inc. (NASDAQ:HOOD) surged 14.9% to $28.68.
  • Qualys, Inc. (NASDAQ:QLYS) gained 13.6% to $145.65 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.
  • Capital One Financial Corporation (NYSE:COF) gained 12.8% to $187.38.
  • Steel Dynamics, Inc. (NASDAQ:STLD) surged 12.8% to $153.07.
  • Tesla, Inc. (NASDAQ:TSLA) rose 12.6% to $282.93 following Trump win.
  • The Goldman Sachs Group, Inc. (NYSE:GS) gained 12.4% to $592.23.
  • CVS Health Corporation (NYSE:CVS) surged 10.7% to $61.26 following strong quarterly revenue.

Now Read This:

  • Jim Cramer Says He Can't Recommend This Major Automaker, Ceva Is 'Way Too High'
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