IBM Posts Upbeat Earnings, Joins Oshkosh, Las Vegas Sands, Nokia, Quest Diagnostics And Other Big Stocks Moving Higher On Thursday

Author: Avi Kapoor | January 30, 2025 11:22am

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.

Shares of International Business Machines Corporation (NYSE:IBM) gained 12.8% to $174.33 following the release of its fourth-quarter earnings, which surpassed analysts' expectations. The tech giant also unveiled its ambitious artificial intelligence strategy, further boosting investor confidence.

IBM reported earnings per share of $3.92, exceeding the anticipated $3.75. Revenue also edged past forecasts, reaching $17.55 billion compared to the projected $17.54 billion.

IBM shares climbed 13.7% to $259.86 on Thursday.

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

Tectonic Therapeutic, Inc. (NASDAQ:TECX) shares jumped 97.5% to $50.80 after interim results showed TX45 achieved improvements in hemodynamics that met and exceeded prespecified objectives.
NetScout Systems, Inc (NASDAQ:NTCT) gained 19.5% to $26.70 after the company reported better-than-expected quarterly financial results.
Flagstar Financial, Inc. (NYSE:FLG) gained 16.6% to $11.19 after the company reported better-than-expected quarterly financial results.
Oshkosh Corporation (NYSE:OSK) shares rose 15.4% to $110.40 after the company beat fourth-quarter EPS and revenue estimates, initiated FY25 EPS guidance above expectations and raised its quarterly dividend by 11%.
Butterfly Network, Inc. (NYSE:BFLY) gained 14% to $4.0000 after the company announced a $75.6 million public offering of class A common stock.
Celestica Inc. (NYSE:CLS) rose 14% to $114.54 following better-than-expected fourth-quarter financial results and first-quarter guidance issued above estimates.
ACM Research, Inc. (NASDAQ:ACMR) shares gained 14% to $19.92 after Kerrisdale Capital announced a long position in the stock.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) rose 11.8% to $65.76.
Calix, Inc. (NYSE:CALX) gained 10.5% to $40.76 after the company reported better-than-expected quarterly financial results.
Semtech Corporation (NASDAQ:SMTC) rose 10.4% to $66.54.
Las Vegas Sands Corp. (NYSE:LVS) gained 8.8% to $47.27 after the company reported better-than-expected quarterly revenue results.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) gained 8.5% to $221.22 following a fourth-quarter adjusted EPS and revenue beat..
Roper Technologies, Inc. (NYSE:ROP) rose 7% to $579.97 after the company reported better-than-expected quarterly financial results.
Nokia Oyj (NYSE:NOK) gained 7% to $4.75 after the company reported better-than-expected fourth-quarter financial results.
Domino’s Pizza, Inc. (NASDAQ:DPZ) climbed 6.6% to $456.16.
Quest Diagnostics Incorporated (NYSE:DGX) rose 5.5% to $164.07 following upbeat quarterly earnings.