Guess? Posts Upbeat Earnings, Joins Lufax, Nortech Systems And Other Big Stocks Moving Higher On Thursday

U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Thursday.

Shares of Guess?, Inc. (NYSE:GES) rose sharply during Thursday’s session as the company reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share.

Guess? reported quarterly earnings of $2.01 per share which beat the analyst consensus estimate of $1.56 by 28.85%. Quarterly sales clocked in at $891.05 million, beating the analyst consensus estimate of $855.54 million, according to data from Benzinga Pro.

Guess? shares jumped 23.1% to $31.95 on Thursday.

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

• Lufax Holding Ltd (NYSE:LU) shares surged 41.3% to $4.76 following fourth-quarter results.
• Nortech Systems Incorporated (NASDAQ:NSYS) rose 22.3% to $13.35 after the company reported fourth-quarter results.
• Astera Labs, Inc. (NASDAQ:ALAB) rose 15.3% to $71.54 amid post-IPO volatility.
• NextNav Inc. (NASDAQ:NN) gained 15% to $5.55. NextNav 10% owner Joseph D Samberg acquired a total of 483,000 shares an average price of $4.52.
• Micron Technology, Inc. (NASDAQ:MU) climbed 14.7% to $110.37 as the company reported upbeat results for its second quarter and issued strong third-quarter guidance.
• argenx SE (NASDAQ:ARGX) surged 14.4% to $408.38 after myasthenia gravis data from competitors Chugai and Roche fell short of expectations.
• Stem, Inc. (NYSE:STEM) gained 14.3% to $2.2050
• Astera Labs, Inc. (NASDAQ:ALAB) gained 14.2% to $70.81 amid post-IPO volatility.
• Sunnova Energy International Inc. (NYSE:NOVA) rose 9.7% to $5.22.
• Ocugen, Inc. (NASDAQ:OCGN) surged 9.3% to $1.3550.
• Graphjet Technology (NASDAQ:GTI) climbed 9.3% to $10.93.
• Nyxoah S.A. (NASDAQ:NYXH) surged 9.1% to $15.16.
• Anywhere Real Estate Inc. (NYSE:HOUS) gained 9.1% to $5.99.
• Wolfspeed, Inc. (NYSE:WOLF) shares rose 8.4% to $29.54.
• Sunrun Inc. (NASDAQ:RUN) gained 8% to $12.40.
• Array Technologies, Inc. (NASDAQ:ARRY) gained 6.8% to $14.23.
• Western Digital Corporation (NASDAQ:WDC) surged 6.2% to $64.51, amid strength in Micron, which gained after reporting better-than-expected earnings and issuing strong guidance.
• Broadcom Inc. (NASDAQ:AVGO) climbed 5.8% to $1,350.05 after TD Cowen upgraded the stock from Market Perform to Outperform and raised its price target from $1,400 to $1,500.
• Fabrinet (NYSE:FN) gained 5.6% to $202.88. Northland Capital Markets analyst Tim Savageaux upgraded Fabrinet from Market Perform to Outperform and raised the price target from $200 to $220.

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