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  • Tyson Foods Posts Better-Than-Expected Earnings, Joins Shopify, Sea, Buckle And Other Big Stocks Moving Higher On Tuesday

Tyson Foods Posts Better-Than-Expected Earnings, Joins Shopify, Sea, Buckle And Other Big Stocks Moving Higher On Tuesday

Benzinga ·  03:27

U.S. stocks were lower, with the Dow Jones index falling more than 200 points on Tuesday.

Shares of Tyson Foods, Inc. (NYSE:TSN) rose sharply during Monday's session following upbeat quarterly earnings.

The company reported fourth-quarter adjusted earnings per share of 92 cents beating the street view 69 cents. Quarterly revenues of $13.565 billion (+1.6%) outpaced the analyst consensus of $13.392 billion.

Tyson shares jumped 8.5% to close at $63.79 on Monday.

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

  • Taysha Gene Therapies, Inc. (NASDAQ:TSHA) shares surged 39.8% to $2.2781. Needham reiterated a Buy rating on the stock and Cantor Fitzgerald reiterated an Overweight rating.
  • NWTN Inc. (NASDAQ:NWTN) gained 33.6% to $1.5827.
  • Altimmune, Inc. (NASDAQ:ALT) rose 30.2% to $9.57 after the company reported better-than-expected third-quarter financial results. Also, UBS initiated coverage on the stock with a Buy rating and announced a price target of $26.
  • Shopify Inc. (NYSE:SHOP) gained 25.5% to $112.97 following strong quarterly sales.
  • Revance Therapeutics, Inc. (NASDAQ:RVNC) rose 19% to $4.1300.
  • Priority Technology Holdings, Inc. (NASDAQ:PRTH) gained 16.7% to $8.63.
  • Alight, Inc. (NYSE:ALIT) shares rose 13.6% to $8.48 after the company reported better-than-expected third-quarter sales results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates..
  • Grab Holdings Limite (NASDAQ:GRAB) gained 11.7% to $4.8990 after the company reported better-than-expected quarterly financial results and raised its FY25 revenue guidance above estimates.
  • Sea Limited (NYSE:SE) gained 10.8% to $108.00 after the company reported better-than-expected third-quarter sales, despite a miss on EPS estimates..
  • The Buckle, Inc. (NYSE:BKE) rose 5.4% to $47.57 after UBS upgraded the stock from Sell to Neutral and raised its price target from $31 to $46.
  • Live Nation Entertainment, Inc. (NYSE:LYV) gained 4.4% to $129.21 following third-quarter results.

Read More:

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