Quanex Building Products Posts Better-Than-Expected Results, Joins Zumiez, Guidewire Software, Smartsheet And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | September 06, 2024 10:11am

U.S. stocks were mixed, with the Nasdaq Composite falling around 150 points on Friday.

Shares of Quanex Building Products Corporation (NYSE:NX) rose sharply during Friday's session after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.

Quanex Building Prods reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 70 cents per share. The company reported quarterly sales of $280.300 million which beat the analyst consensus estimate of $278.457 million.

Quanex Building Products shares jumped 19.9% to $29.80 on Friday.

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

Argan, Inc. (NYSE:AGX) gained 28.4% to $91.64 after the company reported better-than-expected second-quarter financial results.
Travere Therapeutics, Inc. (NASDAQ:TVTX) shares rose 15.3% to $11.45 after the company announced it that the FDA has granted full approval to FILSPARI to slow kidney function decline in adults with primary IgAN who are at risk of disease progression. Also, HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $20 to $23.
Zumiez Inc. (NASDAQ:ZUMZ) rose 15.3% to $29.67 following quarterly results.
Samsara Inc. (NYSE:IOT) gained 15% to $44.58 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.
Pacific Biosciences of California, Inc. (NASDAQ:PACB) gained 14.6% to $1.6050.
Guidewire Software, Inc. (NYSE:GWRE) rose 13.9% to $163.94 after the company reported better-than-expected quarterly financial results. Also, Oppenheimer and Baird maintained an Outperform rating on the stock and raised their respective price targets.
Bowlero Corp. (NYSE:BOWL) climbed 13.5% to $12.25 after the company reported better-than-expected fourth-quarter sales results and issued FY25 revenue guidance above estimates.
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) gained 9.7% to $1.4485.
Smartsheet Inc. (NYSE:SMAR) rose 9.6% to $54.11 following better-than-expected quarterly financial results. The company also raised its FY25 EPS outlook.
Brady Corporation (NYSE:BRC) gained 6.8% to $76.75 after the company reported better-than-expected quarterly adjusted EPS results. Also, the company authorized an additional $100 million of shares for repurchase.
NIO Inc. (NYSE:NIO) rose 6% to $5.14 after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $5.30 to $8.