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Benzinga
Benzinga
Business
Avi Kapoor

PubMatic Posts Upbeat Q3 Results, Joins Energy Vault, RealReal And Other Big Stocks Moving Higher On Tuesday

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U.S. stocks were mixed, with the Dow Jones index gaining more than 100 points on Tuesday.

Shares of PubMatic Inc (NASDAQ:PUBM) rose sharply after the company reported better-than-expected third-quarter financial results.

PubMatic reported quarterly earnings of 3 cents per share which beat the analyst consensus estimate of a loss of 10 cents per share The company reported quarterly sales of $67.960 million which beat the analyst consensus estimate of $63.768 million.

PubMatic shares jumped 33.2% to $10.19 on Tuesday.

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

  • Surmodics Inc (NASDAQ:SRDX) gained 49.3% to $40.85 after a US court reportedly denied the Federal Trade Commission’s bid to block GTCR’s acquisition of the company.
  • enGene Holdings Inc (NASDAQ:ENGN) surged 36.4% to $8.20 after the company reported additional Phase 2 LEGEND study data showing a 63% complete response rate and favorable safety profile for Detalimogene Voraplasmid.
  • Energy Vault Holdings Inc (NYSE:NRGV) gained 33.1% to $4.72 following third-quarter results.
  • RealReal Inc (NASDAQ:REAL) rose 25.6% to $14.08 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates. Also, the company raised its FY25 sales guidance above estimates.
  • Hallador Energy Co (NASDAQ:HNRG) gained 19.3% to $23.87 after the company reported better-than-expected quarterly sales results.
  • BigBear.ai Holdings Inc (NYSE:BBAI) rose 17.3% to $6.71 after the company reported better-than-expected quarterly financial results and announced the acquisition of Ask Sage.
  • Paramount Skydance Corp (NASDAQ:PSKY) gained 10.9% to $16.92 after the company reported third-quarter financial results and issued its fourth-quarter sales guidance above estimates.
  • Clearwater Analytics Holdings Inc (NYSE:CWAN) gained 9.3% to $18.24.
  • Shares of Rocket Lab Corp (NASDAQ:RKLB) rose 8.3% to $56,27 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.
  • Viasat Inc (NASDAQ:VSAT) gained 8.1% to $39.96. JP Morgan analyst Philip Cusick upgraded Viasat from Neutral to Overweight and raised the price target from $23 to $50.
  • Soleno Therapeutics Inc (NASDAQ:SLNO) rose 6.7% to $49.42 after the company announced a $100 million accelerated share repurchase plan.

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