US Bancorp Posts Upbeat Earnings, Joins Aehr Test Systems, Hancock Whitney And Other Big Stocks Moving Higher On Wednesday
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U.S. stocks were mixed, with the Dow Jones index gaining around 150 points on Wednesday.
Shares of U.S. Bancorp (NYSE:USB) shares rose during Wednesday's session following a second-quarter earnings beat.
Revenue stood at $6.867 billion (-4.3% Y/Y), beating the consensus of $6.795 billion. Adjusted earnings per share totaled 98 cents, beating the consensus of 94 cents, according to data from Benzinga Pro.
U.S. Bancorp shares gained 4.7% to $45.34 on Wednesday.
Here are some other big stocks recording gains in today’s session.
- Aehr Test Systems (NASDAQ:AEHR) shares jumped 16.4% to $19.60 after the company reported better-than-expected Q4 financial results and issued FY25 revenue guidance above estimates. Also, the company announced it entered into a stock purchase agreement and made $12.7 million in orders for its FOX WaferPak full wafer Contractors.
- The Honest Company, Inc. (NASDAQ:HNST) shares rose 14% to $4.0350.
- GLOBALFOUNDRIES Inc. (NASDAQ:GFS) surged 12.7% to $61.36.
- Stardust Power Inc. (NASDAQ:SDST) rose 11.1% to $11.11.
- Bloom Energy Corporation (NYSE:BE) gained 9.4% to $16.50 after the company announced a strategic partnership with CoreWeave.
- fuboTV Inc. (NYSE:FUBO) gained 9.1% to $1.5610
- GitLab Inc. (NASDAQ:GTLB) shares climbed 8.4% to $54.92 following a report suggesting the company is exploring a sale.
- SunCar Technology Group Inc. (NASDAQ:SDA) rose 8.2% to $9.14.
- Bloom Energy Corporation (NYSE:BE) gained 8% to $16.27 after the company announced a strategic partnership with CoreWeave.
- V.F. Corporation (NYSE:VFC) rose 7.8% to $15.35 after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.
- Nicolet Bankshares, Inc. (NYSE:NIC) surged 7.4% to $100.14 following upbeat quarterly earnings.
- Cal-Maine Foods, Inc. (NASDAQ: CALM) shares rose 5.6% to $67.93. Cal-Maine Foods is scheduled to release its fourth quarter and fiscal 2024 financial results on Tuesday, July 23.
- UTime Limited (NASDAQ:WTO) gained 5.5% to $1.0262.
- Hancock Whitney Corporation (NASDAQ:HWC) rose 5.3% to $56.51 following upbeat second-quarter results.
- Bristol-Myers Squibb Company (NYSE:BMY) gained 5.2% to $43.40.
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