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Powell Industries Posts Upbeat Results, Joins A10 Networks, Garmin, DuPont And Other Big Stocks Moving Higher On Wednesday

Benzinga ·  May 1 22:27

U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday.

Shares ofPowell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results.

Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro.

Powell Industries shares jumped 23.2% to $176.16 on Wednesday.

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

  • Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $33.93 after...
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