U.S. stocks were higher, with the Dow Jones gaining over 300 points on Wednesday.
Shares of Urban Outfitters Inc (NASDAQ:URBN) rose sharply during Wednesday's session after the company reported third-quarter EPS and sales above analyst estimates.
Urban Outfitters reported quarterly earnings of $1.28 per share, which beat the Street estimate of $1.18 by 8.11%. Quarterly revenue came in at $1.53 billion, which beat the analyst estimate of $1.47 billion and was up from revenue of $1.36 billion from the same period last year.
Urban Outfitters shares jumped 10.1% to $75.21 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Falcon’s Beyond Global Inc (NASDAQ:FBYD) shares jumped 26% to $18.02.
- Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) shares gained 18.7% to $3.72.
- YD Bio Ltd (NASDAQ:YDES) gained 18.1% to $10.97. YD Bio recently announced it obtained 510(k) clearance and OTC monograph compliance. The company announced that it, along with 3D Global Biotech, is planning a small clinical trial in Taiwan to evaluate dry eye disease.
- SuperX AI Technology Ltd (NASDAQ:SUPX) shares rose 17.5% to $25.78 after announcing a $20 million share repurchase program authorization.
- Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) shares jumped 17.4% to $54.94 after the company reported better-than-expected quarterly financial results.
- Petco Health and Wellness Company Inc (NASDAQ:WOOF) shares surged 14.6% to $3.40 after the company reported better-than-expected third-quarter EPS results. Evercore ISI Group raised its price target on the stock from $3 to $4.
- Symbotic Inc (NASDAQ:SYM) gained 10.6% to $85.47. Symbotic recently reported better-than-expected fourth-quarter financial results.
- Mesoblast Ltd (NASDAQ:MESO) gained 9.9% to $17.64.
- Robinhood Markets Inc (NASDAQ:HOOD) rose 8.8% to $125.83 after the company announced it is introducing a futures and derivatives exchange and clearinghouse. Also, the company announced it will acquire 90% of MIAX Derivatives Exchange.
- Fermi Inc (NASDAQ:FRMI) jumped 8.5% to $15.30.
- Duolingo Inc (NASDAQ:DUOL) gained 7.7% to $189.32.
- Shares of Kohls Corp (NYSE:KSS) rose 6.8% to $23.93 after UBS maintained a Sell rating on the stock and raised its price target from $4.5 to $7. Also, Telsey raised its price target on the stock from $16 to $23.
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