U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Friday.
Shares of SoundHound AI, Inc. (NASDAQ:SOUN) rose sharply during Friday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance above estimates.
The voice AI company posted second-quarter revenue of $42.7 million, beating analyst expectations of $32.88 million and marking 217% year-over-year growth. Adjusted losses narrowed to $0.03 per share versus the $0.09 consensus estimate.
SoundHound AI shares jumped 28% to $13.73 on Friday.
Here are some other big stocks recording gains in today’s session.
- LegalZoom.com, Inc. (NASDAQ:LZ) shares jumped 40% to $11.72 after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.
- Astrana Health, Inc. (NASDAQ:ASTH) jumped 32.5% to $28.42 after the company reported better-than-expected second-quarter sales results and issued FY25 sales guidance above estimates.
- Newegg Commerce, Inc. (NASDAQ:NEGG) gained 33% to $79.01.
- Blue Gold Limited (NASDAQ:BGL) rose 29% to $13.28.
- nLIGHT, Inc. (NASDAQ:LASR) rose 25.7% to $25.73 after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates. Also, Needham raised its price target on the stock from $18 to $28.
- Ouster, Inc. (NASDAQ:OUST) gained 23% to $28.42 after the company reported better-than-expected quarterly financial results.
- Power Solutions International, Inc. (NASDAQ:PSIX) jumped 20.7% to $106.59 after the company reported second-quarter results well above estimates.
- Sotera Health Company (NASDAQ:SHC) gained 19.8% to $13.44 after the company raised full-year adjusted EPS and revenue guidance.
- Globalstar, Inc. (NASDAQ:GSAT) rose 17.7% to $29.64 after the company reported better-than-expected Q2 financial results.
- Natera, Inc. (NASDAQ:NTRA) gained 14.6% to $161.76 after the company reported better-than-expected second-quarter sales results and raised its FY25 sales guidance above estimates.
- Doximity, Inc. (NYSE:DOCS) rose 12.2% to $65.74 after the company reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.
- JFrog Ltd. (NASDAQ:FROG) gained 12% to $43.43 following upbeat quarterly earnings.
- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) rose 11.6% to $65.94 following upbeat quarterly earnings.
- Gen Digital Inc. (NASDAQ:GEN) rose 10.8% to $31.34 after the company reported better-than-expected first-quarer financial results and raised its FY26 guidance. Additionally, Barclays raised its price target on the stock from $32 to $33.
- Open Text Corporation (NASDAQ:OTEX) gained 9.3% to $30.77 following upbeat results.
- Gilead Sciences, Inc. (NASDAQ:GILD) rose 8.6% to $119.86 after the company raised its FY25 adjusted EPS and sales guidance.
- Monster Beverage Corporation (NASDAQ:MNST) gained 7.5% to $65.38 after the company reported better-than-expected Q2 financial results. Piper Sandler upgraded the stock following the report.
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