Ollie's Bargain Outlet Posts Upbeat Earnings, Joins Verint Systems, Guidewire Software And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | June 05, 2024 10:23am

U.S. stocks were mixed, with the Dow Jones index falling more than 100 points on Wednesday.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) rose sharply during Wednesday's session following better-than-expected first-quarter earnings.

The company reported first-quarter FY24 sales growth of 10.8% year-on-year to $508.82 million, beating the analyst consensus estimate of $505.79 million. Adjusted EPS of 73 cents beat the analyst consensus estimate of 65 cents, according to data from Benzinga Pro.

Ollie's raised FY24 adjusted EPS outlook from $3.10 – $3.20 to $3.18 – $3.28, against the consensus of $3.19. The company raised FY24 sales outlook from $2.248 billion – $2.273 billion to $2.257 billion – $2.277 billion, versus the Street view of $2.27 billion.

Ollie’s Bargain Outlet shares climbed 7.8% to $88.43 on Wednesday.

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

WalkMe Ltd. (NASDAQ:WKME) shares jumped 42.1% to $13.70 after the company announced it entered into a definitive agreement to be acquired by SAP.
Stitch Fix, Inc. (NASDAQ:SFIX) gained 34.9% to $3.6010 following better-than-expected third-quarter financial results.
Vir Biotechnology, Inc. (NASDAQ:VIR) shares climbed 16.4% to $12.31 after the company announced new preliminary data from its Phase 2 SOLSTICE hepatitis delta clinical trial evaluating tobevibart.
3D Systems Corporation (NYSE:DDD) shares jumped 16% to $4.030 after the company received a multi-year purchase agreement with an estimated value of around a quarter-billion dollars.
Verint Systems Inc. (NASDAQ:VRNT) surged 15.3% to $32.54 after the company reported better-than-expected first-quarter financial results and issued strong FY25 guidance.
Hewlett Packard Enterprise Company (NYSE:HPE) shares gained 15.1% to $20.26 as the company reported better-than-expected second-quarter financial results.
Guidewire Software, Inc. (NYSE:GWRE) climbed 15% to $124.20 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.
United Natural Foods, Inc. (NYSE:UNFI) shares rose 12.7% to $13.69 following upbeat quarterly earnings.
agilon health, inc. (NYSE:AGL) gained 10.5% to $6.84. agilon health named Jeff Schwaneke as new Chief Financial Officer.
GameStop Corp. (NYSE:GME) rose 10.2% to $29.26. It was reported Tuesday that Massachusetts securities regulators are probing retail investor Keith Gill.
CureVac N.V. (NASDAQ:CVAC) climbed 10.4% to $4.46.
Novavax, Inc. (NASDAQ:NVAX) gained 10.2% to $19.57.
Axcelis Technologies, Inc. (NASDAQ:ACLS) shares rose 8.8% to $121.12
Twist Bioscience Corporation (NASDAQ:TWST) gained 7.7% to $50.63. Guggenheim analyst Subbu Nambi initiated coverage on Twist Bioscience with a Buy rating, while announcing a price target of $53.
MakeMyTrip Limited (NASDAQ:MMYT) rose 6.8% to $78.68.
ASML Holding N.V. (NASDAQ:ASML) gained 6.4% to $1,011.48 following a report suggesting the company will ship its chipmaking machine to Taiwan Semiconductor Manufacturing.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) rose 6.1% to $22.58.
Aspen Aerogels, Inc. (NYSE:ASPN) rose 5.7% to $30.68. Piper Sandler analyst Alexander Potter maintained Aspen Aerogels with an Overweight and raised the price target from $30 to $36.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) gained 5.5% to $160.79.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) gained 5.3% to $321.78 as the company reported better-than-expected financial results for the first quarter of fiscal 2025 and raised guidance for fiscal-year 2025 on Tuesday.