U.S. stocks were higher, with the Nasdaq Composite gaining more than 200 points on Wednesday.
Shares of Johnson Controls International PLC (NYSE:JCI) rose sharply during Wednesday's session after the company reported fourth-quarter results that topped analyst estimates on both earnings and revenue.
The company reported fourth-quarter adjusted earnings per share of $1.26, beating the analyst consensus estimate of $1.20. Quarterly revenue came in at $6.44 billion, topping the Street's $6.32 billion forecast.
Johnson Controls shares jumped 8% to $119.88 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Solid Power Inc (NASDAQ:SLDP) shares jumped 55.7% to $8.74 after the company reported better-than-expected quarterly EPS results.
- Babcock & Wilcox Enterprises Inc (NYSE:BW) shares surged 38.8% to $5.19 after the company reported better-than-expected third-quarter EPS results.
- Neuropace Inc (NASDAQ:NPCE) jumped 38.3% to $13.00 after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance above estimates.
- Rigel Pharmaceuticals Inc (NASDAQ:RIGL) surged 33.8% to $37.97 after the company reported better-than-expected quarterly financial results and raised its FY25 sales guidance above estimates.
- Digital Turbine Inc (NASDAQ:APPS) gained 31.2% to $7.76 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates.
- Kennedy-Wilson Holdings Inc (NYSE:KW) gained 31% to $9.79 after CEO William McMorrow and Fairfax Financial submitted a proposal to acquire the company for $10.25 per share in cash.
- Lemonade Inc (NYSE:LMND) rose 30.8% to $76.73 after the company reported better-than-expected quarterly results and raised its FY2025 sales guidance above estimates.
- Teradata Corp (NYSE:TDC) gained 25.3% to $26.00 after the company reported better-than-expected third-quarter financial results and raised its FY25 EPS guidance above estimates.
- Lumentum Holdings Inc (NASDAQ:LITE) gained 23.5% to $232.60 as the company reported better-than-expected first-quarter financial results and issued strong second-quarter guidance on Tuesday.
- Teva Pharmaceutical Industries Ltd (NYSE:TEVA) gained 21.5% to $24.85 after the company beat third-quarter earnings and revenue estimates and raised its full-year EPS guidance.
- Veracyte Inc (NASDAQ:VCYT) rose 21.1% to $43.74 after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance above estimates.
- Qualys Inc (NASDAQ:QLYS) gained 20.5% to $146.05 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance above estimates.
- DigitalOcean Holdings Inc (NYSE:DOCN) gained 18.6% to $45.99 after the company reported better-than-expected third-quarter financial results and raised its FY25 sales guidance above estimates.
- Rivian Automotive Inc (NASDAQ:RIVN) gained 16.4% to $14.56 after the company reported better-than-expected quarterly sales results.
- Zeta Global Holdings Corp (NYSE:ZETA) rose 14% to $19.04 after the company reported better-than-expected third-quarter financial results and issued FY26 sales guidance above estimates.
- Quantumscape Corp (NYSE:QS) gained 13% to $17.47.
- Fubotv Inc (NYSE:FUBO) rose 12.5% to $4.12.
- Diebold Nixdorf Inc (NYSE:DBD) gained 11.1% to $62.50 following upbeat earnings.
- Fluence Energy Inc (NASDAQ:FLNC) rose 11% to $21.28.
- Seagate Technology Holdings PLC (NASDAQ:STX) gained 10.8% to $277.59. Seagate announced exchanges with holders of $500 million principal amount of exchangeable notes.
- Toast Inc (NYSE:TOST) gained 9.3% to $39.00 after the company reported better-than-expected quarterly financial results. Also, Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $54 to $56.
- Marvell Technology Inc (NASDAQ:MRVL) gained 6.5% to $93.29.
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