U.S. stocks were lower, with the Dow Jones index gaining around 100 points on Tuesday.
Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) rose sharply during Tuesday's session after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.
Sterling Infrastructure reported quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $1.97 per share. The company reported quarterly sales of $614.468 million which beat the analyst consensus estimate of $554.350 million.
Sterling Infrastructure shares jumped 16.8% to $317.62 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Ameresco, Inc. (NYSE:AMRC) shares jumped 41.4% to $23.61 after the company reported better-than-expected quarterly financial results.
- Arteris, Inc. (NASDAQ:AIP) jumped 37.6% to $13.01 after the company announced a deal with AMD for its next generation of AI chiplet design.
- Xometry, Inc. (NASDAQ:XMTR) gained 36.8% to $42.38 after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.
- Castle Biosciences, Inc. (NASDAQ:CSTL) rose 33% to $20.32 after the company reported better-than-expected quarterly financial results and raised its FY25 sales guidance above estimates.
- Lemonade, Inc. (NYSE:LMND) gained 29.2% to $47.83 after the company beat quarterly estimates and raised FY25 guidance.
- DigitalOcean Holdings, Inc. (NYSE:DOCN) rose 22.7% to $33.14 after the company beat second-quarter estimates and raised FY25 guidance.
- Helios Technologies, Inc. (NYSE:HLIO) rose 21.5% to $44.62 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance above estimates. Additionally, the company announced it had entered into a definitive agreement to sell Custom Fluidpower for approximately $54 million.
- BWX Technologies, Inc. (NYSE:BWXT) gained 21.2% to $187.45 after the company reported better-than-expected quarterly financial results and raised its FY25 guidance.
- Axon Enterprise, Inc. (NASDAQ:AXON) rose 18.5% to $882.53 after the company reported better-than-expected second-quarter financial results and raised its FY25 sales guidance.
- Tidewater Inc. (NYSE:TDW) rose 16.5% to $57.00 after the company reported second-quarter financial results and beat its EPS and revenue estimates.
- Smith & Nephew plc (NYSE:SNN) gained 13.6% to $35.00.
- Lattice Semiconductor Corporation (NASDAQ:LSCC) rose 11.5% to $54.31 following strong quarterly sales.
- Primoris Services Corporation (NYSE:PRIM) gained 11.6% to $103.90 after the company reported better-than-expected Q2 financial results and raised both its FY25 adjusted EPS and GAAP EPS guidance.
- Mueller Water Products, Inc. (NYSE:MWA) surged 11% to $26.57 following strong quarterly sales.
- Dana Incorporated (NYSE:DAN) rose 11% to $17.06 following second-quarter results.
- Clear Secure, Inc. (NYSE:YOU) rose 10% to $33.00 after the company reported better-than-expected second-quarter financial results and issued third-quarter sales guidance above estimates.
- AECOM (NYSE:ACM) gained 6.7% to $119.68 following upbeat earnings.
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