Kohl's Posts Better-Than-Expected Earnings, Joins MongoDB, Canada Goose, Donaldson Company And Other Big Stocks Moving Higher On Wednesday

Sep,16,,2019,Milpitas, - ,Ca, - ,Usa,-,Kohl's

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

Shares of Kohl’s Corporation (NYSE:KSS) rose sharply during Wednesday's session after the company reported better-than-expected quarterly financial results and raised FY25 revenue outlook.

The company reported second-quarter adjusted earnings per share of 56 cents, beating the analyst consensus estimate of 29 cents. Quarterly sales of $3.546 billion (down 5.1%) outpaced the street view of $3.310 billion, with comparable sales down 4.2%.

Kohl’s shares jumped 20.2% to $15.69 on Wednesday.

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

• MongoDB, Inc. (NASDAQ:MDB) shares jumped 31.5% to $281.94 after the company reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates.
• Inventiva S.A. (NASDAQ:IVA) surged 19.5% to $5.49 after Piper Sandler initiated coverage on the stock with an Overweight rating and announced a $26 price target.
• nCino, Inc. (NASDAQ:NCNO) gained 18% to $33.86 after the company reported better-than-expected quarterly financial results and raised FY26 guidance.
• Canada Goose Holdings Inc. (NYSE:GOOS) shares rose 17.4% to $14.29 after the company reportedly received a take-private bid.
• Serve Robotics Inc. (NASDAQ:SERV) gained 15.5% to $11.86. Wedbush analyst Daniel Ives initiated coverage on Serve Robotics with an Outperform rating and announced a price target of $15.
• Polestar Automotive Holding UK PLC (NASDAQ:PSNY) gained 14.8% to $1.2750.
• Aspen Insurance Holdings Limited (NYSE:AHL) rose 14.1% to $36.76.
• Richtech Robotics Inc. (NASDAQ:RR) rose 13.4% to $3.5750 after the company posted on social media about a new robot “disrupting what’s happening in the robot world.”
• EchoStar Corporation (NASDAQ:SATS) gained 12.1% to $57.00 amid rumours that Starlink and T-Mobile may be interested in acquiring some or all of the company.
• Coty Inc. (NYSE:COTY) rose 7.7% to $3.9750.
• Donaldson Company, Inc. (NYSE:DCI) gained 7.1% to $81.00 after the company reported better-than-expected fourth-quarter EPS and sales.
• Elastic N.V. (NYSE:ESTC) shares rose 7% to $82.98.
• Royal Bank of Canada (NYSE:RY) gained 5.3% to $145.00 after the company reported better-than-expected quarterly EPS and sales.

Read This Next:

• Top 2 Utilities Stocks That May Fall Off A Cliff In Q3

Photo via Shutterstock