Powell Industries Posts Upbeat Results, Joins A10 Networks, Garmin, DuPont And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were mixed, with the Dow Jones index gaining over 50 points on Wednesday.

Shares of Powell Industries, Inc. (NASDAQ:POWL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results.

Powell Industries posted GAAP earnings of $2.75 per share, beating market estimates of $1.77 per share. The company's quarterly sales came in at $255.108 million versus expectations of $201.447 million, according to data from Benzinga Pro.

Powell Industries shares jumped 23.2% to $176.16 on Wednesday.

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

• Rocky Brands, Inc. (NASDAQ:RCKY) shares jumped 31.6% to $33.93 after the company reported better-than-expected quarterly financial results.
• TransMedics Group, Inc. (NASDAQ:TMDX) shares climbed 28% to $120.26 after the company raised its 2024 guidance.
• Surmodics, Inc. (NASDAQ:SRDX) rose 27.2% to $32.69 following strong quarterly results.
• CareDx, Inc (NASDAQ:CDNA) shares gained 23.4% to $9.59. CareDx is expected to report financial results for the first quarter 2024 after the closing bell on Thursday, May 9.
• TG Therapeutics, Inc. (NASDAQ:TGTX) rose 21.7% to $16.64 following a first-quarter revenue beat and increased 2024 Briumvi US net product revenue outlook.
• New York Community Bancorp, Inc. (NYSE:NYCB) jumped 20% to $3.1887 following quarterly results.
• Bio-Techne Corporation (NASDAQ:TECH) rose 20.1% to $75.89 following upbeat quarterly results.
• Inari Medical, Inc. (NASDAQ:NARI) shares gained 19.1% to $44.47 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.
• LendingClub Corporation (NYSE:LC) surged 18% to $8.87.
• A10 Networks, Inc. (NYSE:ATEN) climbed 17.7% to $15.38 following better-than-expected quarterly results.
• Pinterest, Inc (NYSE:PINS) gained 17.5% to $39.29 following strong first-quarter earnings and upbeat second-quarter guidance.
• Root, Inc. (NASDAQ:ROOT) shares gained 17.2% to $81.66 after the company reported better-than-expected first-quarter financial results.
• LendingClub Corporation (NYSE:LC) rose 17.2% to $8.82 following upbeat earnings.
• UFP Technologies, Inc. (NASDAQ:UFPT) gained 13.8% to $234.34 following upbeat earnings.
• Stagwell Inc. (NASDAQ:STGW) rose 13.1% to $6.73 following upbeat earnings.
• The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) gained 11.5% to $36.89 following strong quarterly earnings.
• Garmin Ltd. (NASDAQ:GRMN) climbed 11% to $160.40 after the company reported better-than-expected first-quarter financial results and affirmed FY24 adjusted EPS and sales guidance, which is above estimates.
• Amcor plc (NYSE:AMCR) gained 10% to $9.84 after the company reported mixed third-quarter financial results and updated guidance.
• Trinity Industries, Inc. (NYSE:TRN) rose 9.4% to $28.48 following upbeat earnings.
• Axos Financial, Inc. (NYSE:AX) surged 9.3% to $55.31 following better-than-expected earnings.
• Axalta Coating Systems Ltd. (NYSE:AXTA) gained 9.2% to $34.32 following better-than-expected quarterly results.
• Carpenter Technology Corporation (NYSE:CRS) climbed 8.1% to $92.61 on strong quarterly earnings.
• DuPont de Nemours, Inc. (NYSE:DD) rose 8.1% to $78.39 as the company reported a first-quarter fiscal 2024 sales decline of 3% year-over-year to $2.931 billion, beating the consensus of $2.813 billion.
• Clean Harbors, Inc. (NYSE:CLH) gained 8% to $204.59 after the company reported better-than-expected quarterly financial results.
• DigitalOcean Holdings, Inc. (NYSE:DOCN) gained 7.7% to $35.38 after it was announced the stock will join the S&P SmallCap 600.
• LivaNova PLC (NASDAQ:LIVN) gained 7.4% to $59.86 after the company posted upbeat quarterly earnings and raised FY24 forecast.
• United Therapeutics Corporation (NASDAQ:UTHR) gained 6.2% to $248.95 after the company reported better-than-expected quarterly financial results.
• Lemonade, Inc. (NYSE:LMND) shares rose 6% to $18.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.