Amgen Posts Upbeat Results, Joins OneSpan, Paylocity Holding, MercadoLibre And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | May 03, 2024 10:15am

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday.

Shares of Amgen Inc. (NASDAQ:AMGN) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma.

Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from Benzinga Pro.

The company reported quarterly sales of $7.447 billion, which beat the analyst consensus estimate of $7.436 billion and represents a 21.98% increase over sales of $6.105 billion in the same period last year.

Amgen shares surged 12.2% to $312.45 on Thursday.

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

• Tandem Diabetes Care, Inc. (NASDAQ:TNDM) jumped 27.4% to $46.57 after the comapny reported better-than-expected first-quarter financial results.
• WideOpenWest, Inc. (NYSE:WOW) shares surged 26.1% to $4.7790 after the company received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and various Crestview entities to purchase all of the outstanding shares of WOW! that Crestview does not currently own for $4.80 per share in cash.
• El Pollo Loco Holdings, Inc. (NASDAQ:LOCO) surged 24.8% to $10.73 after the company reported better-than-expected first-quarter results.
• Twist Bioscience Corporation (NASDAQ:TWST) jumped 22.8% to $39.31 after the company reported better-than-expected second-quarter financial results.
• Alignment Healthcare, Inc. (NASDAQ:ALHC) surged 22.1% to $6.42 after the company reported better-than-expected first-quarter revenue results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY24 revenue guidance above estimates.
• Clearfield, Inc. (NASDAQ:CLFD) surged 21.8% to $38.89 after the company reported better-than-expected second-quarter results and increased its repurchase authorization.
• RE/MAX Holdings, Inc. (NYSE:RMAX) surged 21% to $8.66 following upbeat quarterly results.
• Ardelyx, Inc. (NASDAQ:ARDX) shares rose 20.7% to $8.19 after the company reported better-than-expected first-quarter financial results.
• ModivCare Inc. (NASDAQ:MODV) rose 19.8% to $26.33 after the company reported better-than-expected quarterly sales results.
• OneSpan Inc. (NASDAQ:OSPN) shares gained 19.6% to $13.09 after the company reported better-than-expected first-quarter adjusted EPS and sales.
• IES Holdings, Inc. (NASDAQ:IESC) gained 19% to $162.91 following second-quarter results.
• Adtalem Global Education Inc. (NASDAQ:ATGE) rose 16.2% to $60.71 following upbeat quarterly results.
• Paylocity Holding Corporation (NASDAQ:PCTY) gained 16% to $173.49 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. The Board of Directors approve a $500 million share repurchase program.
• MasTec, Inc. (NYSE:MTZ) surged 14% to $103.86 after the company reported better-than-expected quarterly financial results.
• CG Oncology, Inc. (NASDAQ:CGON) gained 14% to $45.07.
• ImmunityBio, Inc. (NASDAQ:IBRX) gained 11.2% to $9.97 after the company announced it signed an exclusive global arrangement with the Serum Institute of India. The company will be supplied with Bacillus Calmette-Guerin.
• MercadoLibre, Inc. (NASDAQ:MELI) surged 10.3% to $1,661.60 after the company reported better-than-expected first-quarter financial results.
• Tidewater Inc. (NYSE:TDW) rose 9.8% to $103.13 following upbeat results.
• Sunrun Inc. (NASDAQ:RUN) gained 9.4% to $11.98.
• Enphase Energy, Inc. (NASDAQ:ENPH) rose 9% to $115.59.
• Universal Display Corporation (NASDAQ:OLED) gained 8.6% to $169.84 after the company reported better-than-expected first-quarter financial results.
• XPO, Inc. (NYSE:XPO) gained 7.4% to $116.96 following better-than-expected first-quarter financial results.
• Booking Holdings Inc. (NASDAQ:BKNG) gained 6.7% to $3,705.00 after the company reported better-than-expected first-quarter financial results.
• Apple Inc. (NASDAQ:AAPL) rose 6.4% to $184.09 after the company reported better reported better-than-expected results for its second quarter.
• Workiva Inc. (NYSE:WK) gained 5.9% to $84.76 following strong quarterly earnings and upbeat EPS guidance.

Now Read This: Top 3 Energy Stocks That Could Blast Off This Month

Posted In: AAPL ALHC AMGN ARDX ATGE BKNG CGON CLFD ENPH IBRX IESC LOCO MELI MODV MTZ OLED OSPN PCTY RMAX RUN