PayPal Posts Upbeat Earnings, Joins Sprouts Farmers Market, Stanley Black & Decker, Phillips 66 And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | July 30, 2024 10:46am

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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) rose sharply during Tuesday's session after the company reported better-than-expected second quarter financial results.

PayPal reported fiscal second-quarter revenue growth of 8% year over year to $7.89 billion, beating the analyst consensus estimate of $7.81 billion. The company reported a quarterly adjusted EPS of $1.19, beating analyst consensus estimates of 98 cents, according to data from Benzinga Pro.

PayPal shares surged 8.5% to $63.98 on Tuesday.

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

JetBlue Airways Corporation (NASDAQ:JBLU) jumped 20.6% to $7.16 after the company reported better-than-expected second-quarter financial results.
Lumen Technologies, Inc. (NYSE:LUMN) jumped 19.1% to $2.3050.
Commvault Systems, Inc. (NASDAQ:CVLT) jumped 19.1% to $146.77 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY25 revenue guidance.
Harmonic Inc. (NASDAQ:HLIT) jumped 18.8% to $13.96 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.
Sprouts Farmers Market, Inc. (NASDAQ:SFM) shares rose 15.9% to $98.13 after the company reported better-than-expected second-quarter financial results and issued its third-quarter earnings guidance above estimates.
NeoGenomics, Inc. (NASDAQ:NEO) rose 16.1% to $17.00 following upbeat earnings.
Tilray Brands, Inc. (NASDAQ:TLRY) rose 16.1% to $2.1250 after the company reported better-than-expected quarterly financial results.
Sprouts Farmers Market, Inc. (NASDAQ:SFM) climbed 15.5% to $97.79 after the company reported better-than-expected second-quarter financial results. Additionally, the company issued third-quarter earnings guidance above estimates.
Howmet Aerospace Inc. (NYSE:HWM) gained 14.1% to $94.56 following better-than-expected second-quarter earnings, issued strong guidance, raised its dividend, increased its buyback authorization and issued strong guidance.
Repligen Corporation (NASDAQ:RGEN) rose 13.4% to $156.48 following -quarter earnings.
Varonis Systems, Inc. (NASDAQ:VRNS) jumped 13.3% to $54.92 as the company reported better-than-expected second-quarter financial results and raised its FY24 guidance on Monday.
Hayward Holdings, Inc. (NYSE:HAYW) rose 11% to $14.98 after the company reported better-than-expected second-quarter EPS results.
F5, Inc. (NASDAQ:FFIV) shares climbed 10.6% to $196.46 after the company reported better-than-expected third-quarter financial results and raised its FY24 earnings guidance above estimates.
Heidrick & Struggles International, Inc. (NASDAQ:HSII) gained 10.2% to $39.41 following upbeat quarterly results.
Pharming Group N.V. (NASDAQ:PHAR) shares rose 9.8% to $8.28. Pharming Group will report second quarter financial results on Aug. 1.
CNO Financial Group, Inc. (NYSE:CNO) jumped 9% to $33.78 following upbeat quarterly results.
Latham Group, Inc. (NASDAQ:SWIM) surged 8.6% to $3.78.
Stanley Black & Decker, Inc. (NYSE:SWK) gained 8.1% to $104.28 after the company reported better-than-expected second quarter financial results. Additionally, the company revised its FY24 adjusted EPS forecast upward.
Eagle Materials Inc. (NYSE:EXP) jumped 8.1% to $268.95 after the company reported better-than-expected first-quarter EPS results.
NovoCure Limited (NASDAQ:NVCR) rose 8% to $22.47.
Spirit Airlines, Inc. (NYSE:SAVE) gained 7.3% to $3.0802. Spirit Airlines announced low-fare travel with new premium offerings starting Aug. 2024.
Zebra Technologies Corporation (NASDAQ:ZBRA) jumped 6.4% to $356.62 after the company reported better-than-expected quarterly financial results. Additionally, the company raised its FY24 guidance.
Gartner, Inc. (NYSE:IT) rose 6.4% to $500.83 following better-than-expected quarterly earnings.
Phillips 66 (NYSE:PSX) climbed 4.9% to $147.31 after the company reported better-than-expected quarterly financial results.
Pegasystems Inc. (NASDAQ:PEGA) gained 4.8% to $69.13.
American Airlines Group Inc. (NASDAQ:AAL) gained 4.3% to $10.88.