Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Avi Kapoor

AZZ Posts Better-Than-Expected Earnings, Joins MP Materials, WK Kellogg And Other Big Stocks Moving Higher On Thursday

Richmond,,Virginia,,Usa,-,9,May,2019:,Illustrative,Editorial,Of

U.S. stocks were mixed, with the Dow Jones index gaining more than 200 points on Thursday.

Shares of AZZ Inc. (NYSE:AZZ) rose sharply during Thursday's session as the company posted better-than-expected earnings for its first quarter.

AZZ reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.58 per share. The company raised its FY2026 adjusted EPS guidance from $5.50-$6.10 to $5.75-$6.25.

AZZ shares jumped 10% to $110.86 on Thursday.

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

  • MP Materials Corp. (NYSE:MP) shares jumped 49% to $44.75 after the company announced it has entered into a public-private partnership with the U.S. Department ot Defense consisting of a multi-billion dollar package of investments and long-term commitments.
  • WK Kellogg Co (NYSE:KLG) gained 31% to $22.92. Ferrero announced an agreement to acquire the company for $23 per share.
  • Rimini Street, Inc. (NASDAQ:RMNI) rose 25.2% to $4.9500. Rimini Street announced that on July 7, the company reached confidential settlement with Oracle to resolve long-running Rimini II case.
  • Ramaco Resources, Inc. (NASDAQ:METC) gained 24.8% to $15.86.
  • ProKidney Corp. (NASDAQ:PROK) gained 20% to $5.22 on possible continued strength after reporting positive kidney disease drug trial results yesterday. Additionally, Citigroup raised its price target on the stock from $6 to $9.
  • Energy Fuels Inc. (NYSE:UUUU) jumped 16.6% to $6.52.
  • Newegg Commerce, Inc. (NASDAQ:NEGG) rose 16.1% to $25.23.
  • USA Rare Earth, Inc. (NASDAQ:USAR) gained 15.7% to $11.33.
  • Hertz Global Holdings, Inc. (NASDAQ:HTZ) jumped 15% to $8.20.
  • Opendoor Technologies Inc. (NASDAQ:OPEN) rose 14% to $0.8400.
  • Delta Air Lines, Inc. (NYSE:DAL) gained 13.1% to $57.36 after the company reported better-than-expected quarterly EPS and sales.
  • United Airlines Holdings, Inc. (NASDAQ:UAL) rose 12.3% to $90.10. Shares of airline stocks traded higher in sympathy with Delta, which beat Q2 earnings estimates.
  • Aehr Test Systems, Inc. (NASDAQ:AEHR) gained 11.4% to $14.81.
  • ZTO Express (Cayman) Inc. (NYSE:ZTO) jumped 9.1% to $19.32.
  • Alaska Air Group, Inc. (NYSE:ALK) gained 9% to $54.25. Shares of airline stocks traded higher in sympathy with Delta, which beat Q2 earnings estimates.
  • Cleveland-Cliffs Inc. (NYSE:CLF) rose 8.8% to $9.64.
  • Coty Inc. (NYSE:COTY) gained 6.5% to $5.30.
  • The Estée Lauder Companies Inc. (NYSE:EL) gained 5.5% to $91.39.

Now Read This:

Photo via Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.