Air Products Posts Upbeat Earnings, Joins Meta, Exact Sciences, Shake Shack, Clearwater Analytics And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | August 01, 2024 11:42am

U.S. stocks were lower, with the Dow Jones index falling over 500 points on Thursday.

Shares of Air Products and Chemicals, Inc. (NYSE:APD) rose sharply during Thursday's session after the company reported better-than-expected third-quarter adjusted EPS results.

Air Products reported third-quarter 2024 adjusted EPS of $3.20, up 7% year-over-year, beating the consensus of $3.03. Sales declined 2% YoY to $2.986 billion, missing the consensus of $3.035 billion due to 2% unfavorable currency and 1% lower energy cost pass-through.

Air Products shares jumped 11.4% to $293.82 on Thursday.

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

Lumen Technologies, Inc. (NYSE:LUMN) shares surged 26.2% to $3.9750. Corning and Lumen reached a supply agreement on next-generation fiber-optic cable to support data center AI demands.
Exact Sciences Corporation (NASDAQ:EXAS) jumped 24.3% to $56.80 after the company reported better-than-expected second-quarter financial results. Also, the company announced an exclusive license agreement with TwinStrand Biosciences.
Omnicell, Inc. (NASDAQ:OMCL) gained 22.3% to $35.71 after the company reported better-than-expected second-quarter financial results and issued FY24 guidance above estimates.
Shake Shack Inc. (NYSE:SHAK) climbed 17.8% to $103.22 after the company reported better-than-expected second-quarter sales results.
Clearwater Analytics Holdings, Inc. (NASDAQ:CWAN) gained 17.5% to $22.97 after the company reported better-than-expected second-quarter sales results and issued FY24 revenue guidance above estimates..
Concord Medical Services Holdings Limited (NYSE:CCM) jumped 15.8% to $9.12.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) gained 15.1% to $102.48 after the company reported better-than-expected second-quarter adjusted EPS results.
Energy Recovery, Inc. (NASDAQ:ERII) gained 14.7% to $16.72 following upbeat quarterly results.
Frontdoor, Inc. (NASDAQ:FTDR) gained 14.2% to $45.06 following better-than-expected second-quarter financial results.
Hawkins, Inc. (NASDAQ:HWKN) rose 14.1% to $118.53 following upbeat quarterly results.
Ranpak Holdings Corp. (NASDAQ:PACK) gained 12.7% to $8.14 after the company reported better-than-expected second-quarter EPS results.
Zeta Global Holdings Corp. (NYSE:ZETA) rose 12.4% to $24.07 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance above estimates. Additionally, Morgan Stanley and Oppenheimer raised their respective price targets on the stock.
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) rose 12.2% to $72.73 after the company reported better-than-expected quarterly financial results..
FMC Corporation (NYSE:FMC) gained 12% to $65.34 following quarterly financial results..
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) rose 10.6% to $262.60 after the company reported better-than-expected quarterly financial results.
Carvana Co. (NYSE:CVNA) gained 9.5% to $145.82 after the company reported better-than-expected quarterly financial results.
Aptiv PLC (NYSE:APTV) gained 5.8% to $73.46 after the company reported better-than-expected second-quarter adjusted EPS results and raised its FY24 adjusted EPS above estimates. Additionally, the company announced the authorization of a $5 billion share repurchase program..
Meta Platforms, Inc. (NASDAQ:META) rose 5.8% to $502.20 following better-than-expected quarterly earnings.