Charles River Laboratories International Posts Upbeat Results, Joins Robinhood, Zillow, Tower Semiconductor And Other Big Stocks Moving Higher On Wednesday

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

Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.

Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.

Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday.

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

• Lyft, Inc. (NASDAQ:LYFT) shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company’s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.
• Healthcare Services Group, Inc. (NASDAQ:HCSG) rose 25.7% to $11.90 following upbeat earnings.
• Larimar Therapeutics, Inc. (NASDAQ:LRMR) surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.
• Angi Inc. (NASDAQ:ANGI) climbed 22.2% to $2.97 following upbeat earnings.
• CEVA, Inc. (NASDAQ:CEVA) climbed 18.5% to $23.92 following upbeat earnings.
• Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) rose 17.1% to $9.47 following quarterly results.
• Resideo Technologies, Inc. (NYSE:REZI) jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.
• Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) rose 15.7% to $20.59 following better-than-expected quarterly results.
• Robinhood Markets, Inc. (NASDAQ:HOOD) shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.
• CleanSpark, Inc. (NASDAQ:CLSK) rose 13.8% to $18.08 amid strength in Bitcoin.
• United Fire Group, Inc. (NASDAQ:UFCS) gained 13.5% to $24.32 following upbeat results.
• Marathon Digital Holdings, Inc. (NASDAQ:MARA) jumped 13.3% to $29.13 amid strength in Bitcoin.
• Allison Transmission Holdings, Inc. (NASDAQ:ALSN) climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.
• MRC Global Inc. (NYSE:MRC) gained 12.1% to $11.64 following upbeat earnings.
• Coinbase Global, Inc. (NASDAQ:COIN) rose 11.5% to $156.50 amid strength in Bitcoin.
• Super Micro Computer, Inc. (NASDAQ:SMCI) gained 11.4% to $881.36.
• Uber Technologies, Inc. (NYSE:UBER) gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.
• Riot Platforms, Inc. (NASDAQ:RIOT) rose 10% to $16.98 amid strength in Bitcoin.
• IQVIA Holdings Inc. (NYSE:IQV) gained 9.7% to $236.20 following upbeat results.
• Zillow Group, Inc. (NASDAQ:Z) gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.
• WESCO International, Inc. (NYSE:WCC) gained 9.6% to $145.32.
• Tower Semiconductor Ltd. (NASDAQ:TSEM) climbed 8.5% to $31.07 following strong results.
• Mercury General Corporation (NYSE:MCY) gained 6.6% to $43.02 following strong results.
• DaVita Inc. (NYSE:DVA) gained 6.4% to $120.91 following upbeat results.
• IAC Inc. (NASDAQ:IAC) rose 4.9% to $53.70 following upbeat earnings.

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