Super Micro says cannot predict timing of annual filing; shares down
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.
Shares of the San Jose, California-based server maker fell about 10% in extended trading.
The company said it expects net sales between $5.5 billion to $6.1 billion for the second quarter, compared with analysts’ estimates of $6.86 billion, according to data compiled by LSEG.
It said the company expects profits between 48 cents and 58 cents per share, far below estimates of 75 cents per share.
Super Micro has also become a key supplier to specialty cloud computing providers such as CoreWeave that focus on providing chips from Nvidia for artificial intelligence work.
Its preliminary results come less than a week after Ernst & Young had resigned as its auditor, triggering investor concerns about accounting practices at the firm.
The special committee probe related to issues raised by EY over the company’s governance, transparency and internal control over financial reporting.
Super Micro was not in compliance with Nasdaq’s listing rules after it delayed filing its annual report with the US securities regulator in August, risking being delisted.
Nasdaq regulations provide a grace period until mid-November for the company to submit a remediation plan to regain compliance.
If approved, this could extend the deadline to February next year. However, the recent departure of EY adds a layer of complexity to this compliance restoration process.
Though Super Micro has been gaining traction in the server industry, larger rivals Dell Technologies and HP Enterprise have been able to leverage their vast customer base to boost sales, analysts have said.
(Reporting by Akash Sriram in Bengaluru and Stephen Nellis in San Francisco; Editing by Anil D’Silva and Shailesh Kuber)
KCP Supports Policies to Expand Home Dialysis and Improve Reimbursement for Phosphate-Lowering Drugs, Remains Concerned About Patient Access to Innovative Treatments
Washington, DC November 05, 2024 –(PR.com)– Kidney Care Partners (KCP) – the nation’s leading kidney care multi-stakeholder coalition representing patient advocates, physician organizations, health professional groups, dialysis providers, researchers, and manufacturers – issued the following comments in response to the recently released final Calendar Year 2025 End-Stage Renal Disease (ESRD) Prospective Payment System (PPS), Payment for Renal Dialysis Services Furnished to Individuals with Acute Kidney Injury (AKI), End-Stage Renal Disease Quality Incentive Program (QIP), and End-Stage Renal Disease Treatment Choices Model (ETC).
“We applaud CMS’s efforts both in recognizing that providing oral-only medications as part of the bundle requires additional funding, as well as creating access for AKI patients to home dialysis,” said Mahesh Krishnan, MD, MPH, MBA, Chair of Kidney Care Partners. “However, KCP has consistently raised concerns that significant changes are needed to the ESRD PPS system to maintain an appropriate level of care, access, and reimbursement for the more than 557,000 Americans who rely on regular dialysis treatment.”
KCP appreciates that the rule provides additional money to help dialysis providers mitigate the cost of providing oral-only phosphate binders when they are reimbursed under the Part B program. The coalition is also pleased that CMS not only extended home dialysis modalities to individuals with AKI but also removed the second budget neutrality adjustment that would result in a cut of nearly $9 per treatment for patients selecting these modalities.
Yet, while it is important to expand the outlier pool to include innovative medications, this policy modification will not address the underlying problem that the base rate is insufficient to support adding new treatment options without adding new money. Meaningful reform – such as that included in the Chronic Kidney Disease Improvement in Research and Treatment Act of 2023 (H.R. 5027/S. 4469) – is needed to provide a permanent reimbursement pathway for innovative drugs and devices.
As KCP looks to the future, it remains concerned that the bundle is increasingly not functioning as intended, as demonstrated through MedPAC’s projected margin of zero percent for FY2024 for dialysis facilities. Reform is needed to ensure that the bundle rate can be permanently adjusted when new treatment options become available, as is done in the hospital and other provider settings. As noted in KCP’s comments to the proposed rule and recognized by the preamble of the final rule, the existing market basket methodology does not accurately capture changes in cost, especially when it comes to staffing costs. Compared to other providers in Medicare, dialysis facilities have received significantly lower annual payment updates over the last several years. Failure to accurately reflect the real cost of dialysis services impacts providers’ ability to offer care and limits patient access. This also makes it extremely challenging for dialysis facilities to compete with wages offered by other providers, such as hospitals, which have seen significant increases in additional funding in recent years. Furthermore, all of these issues are exacerbated by applying a budget neutrality adjustment to the new ERSD-specific geographic wage index, which the statute does not require. This calculation reduces the update by one percent at a time when the Medicare margins are zero.
KCP looks forward to engaging with CMS and Congress to identify and implement changes to the market basket and update its methodology to better reflect actual cost changes. These reforms are necessary to ensure patients who rely upon dialysis have access to high-quality, well-trained staff and can dialyze on a schedule that meets their work and family obligations. KCP is eager to work with Congress and CMS to address this problem and ensure that ESRD patients are not left behind.
“While the full impact of this final rule remains to be seen, KCP is already engaged with congressional champions on legislation to require the adoption of a truly sustainable reimbursement policy to support innovation,” concluded Krishnan. “We remain committed, as always, to continuing our work with Congress and the Administration to improve our nation’s system of kidney care.”
Contact Information:
Kidney Care Partners
Sarah Feagan
616-560-2059
Contact via Email
http://www.kidneycarepartners.org
Read the full story here: https://www.pr.com/press-release/924664
Press Release Distributed by PR.com
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Michael Doar Takes a Bullish Stance: Acquires $96K In Twin Disc Stock
It was revealed in a recent SEC filing that Michael Doar, Board Member at Twin Disc TWIN made a noteworthy insider purchase on November 4,.
What Happened: Doar’s recent purchase of 8,120 shares of Twin Disc, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, reflects confidence in the company’s potential. The total transaction value is $96,250.
The latest market snapshot at Tuesday morning reveals Twin Disc shares up by 0.43%, trading at $11.73.
About Twin Disc
Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its product portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.
Financial Milestones: Twin Disc’s Journey
Positive Revenue Trend: Examining Twin Disc’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.59% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Profitability Metrics: Unlocking Value
-
Gross Margin: The company sets a benchmark with a high gross margin of 29.72%, reflecting superior cost management and profitability compared to its peers.
-
Earnings per Share (EPS): Twin Disc’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.54.
Debt Management: With a below-average debt-to-equity ratio of 0.26, Twin Disc adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyzing Market Valuation:
-
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 14.81 suggests caution, as the stock may be overvalued in the eyes of investors.
-
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.55, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio lower than industry averages at 6.91, Twin Disc could be considered undervalued.
Market Capitalization Analysis: Falling below industry benchmarks, the company’s market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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Why Insider Activity Matters in Finance
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
When discussing legal matters, the term “insider” refers to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Cracking Transaction Codes
When analyzing transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Twin Disc’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Noteworthy Insider Activity: Jannet Giesselman Invests $79K In Twin Disc Stock
A new SEC filing reveals that Jannet Giesselman, Director at Twin Disc TWIN, made a notable insider purchase on November 4,.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday unveiled that Giesselman made a notable purchase of 6,747 shares of Twin Disc, valuing at $79,999.
In the Tuesday’s morning session, Twin Disc‘s shares are currently trading at $11.73, experiencing a up of 0.43%.
Get to Know Twin Disc Better
Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its product portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.
Twin Disc: Financial Performance Dissected
Revenue Growth: Twin Disc’s revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 0.59%. This indicates a substantial increase in the company’s top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Navigating Financial Profits:
-
Gross Margin: The company sets a benchmark with a high gross margin of 29.72%, reflecting superior cost management and profitability compared to its peers.
-
Earnings per Share (EPS): With an EPS below industry norms, Twin Disc exhibits below-average bottom-line performance with a current EPS of 0.54.
Debt Management: Twin Disc’s debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
-
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 14.81 suggests caution, as the stock may be overvalued in the eyes of investors.
-
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.55, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Twin Disc’s EV/EBITDA ratio, lower than industry averages at 6.91, indicates attractively priced shares.
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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Why Insider Transactions Are Important
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Exploring the legal landscape, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider’s new purchase, there’s a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Essential Transaction Codes Unveiled
When analyzing transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Twin Disc’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Twin Disc Recent Insider Activity
Disclosed in the latest SEC filing, a significant insider purchase on November 4, involves David W Johnson, Board Member at Twin Disc TWIN.
What Happened: Johnson’s recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, involves purchasing 7,090 shares of Twin Disc. The total transaction value is $84,058.
Monitoring the market, Twin Disc‘s shares up by 0.43% at $11.73 during Tuesday’s morning.
Unveiling the Story Behind Twin Disc
Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its product portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.
Twin Disc: A Financial Overview
Revenue Growth: Twin Disc’s remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 0.59%. This signifies a substantial increase in the company’s top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Exploring Profitability:
-
Gross Margin: The company sets a benchmark with a high gross margin of 29.72%, reflecting superior cost management and profitability compared to its peers.
-
Earnings per Share (EPS): Twin Disc’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.54.
Debt Management: Twin Disc’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.26.
Valuation Metrics:
-
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 14.81 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
-
Price to Sales (P/S) Ratio: The P/S ratio of 0.55 is lower than the industry average, implying a discounted valuation for Twin Disc’s stock in relation to sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With a lower-than-industry-average EV/EBITDA ratio of 6.91, Twin Disc presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
Market Capitalization Analysis: The company’s market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Why Insider Transactions Are Key in Investment Decisions
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider’s new purchase, there’s a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Exploring Key Transaction Codes
Examining transactions, investors often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Twin Disc’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Eye On Growth: Juliann Larimer Adds $79K Of Twin Disc Stock To Portfolio
Disclosed in the latest SEC filing, a significant insider purchase on November 4, involves Juliann Larimer, Board Member at Twin Disc TWIN.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday, Larimer purchased 6,747 shares of Twin Disc, demonstrating confidence in the company’s growth potential. The total value of the transaction stands at $79,999.
As of Tuesday morning, Twin Disc shares are up by 0.43%, currently priced at $11.73.
Discovering Twin Disc: A Closer Look
Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its product portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.
Twin Disc: A Financial Overview
Revenue Growth: Twin Disc’s revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 0.59%. This indicates a substantial increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Key Profitability Indicators:
-
Gross Margin: Achieving a high gross margin of 29.72%, the company performs well in terms of cost management and profitability within its sector.
-
Earnings per Share (EPS): Twin Disc’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.54.
Debt Management: Twin Disc’s debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation:
-
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 14.81, Twin Disc’s stock is perceived as being overvalued in the market.
-
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.55, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): At 6.91, Twin Disc’s EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
Market Capitalization Analysis: Reflecting a smaller scale, the company’s market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
The Relevance of Insider Transactions
Considering insider transactions is valuable, but it’s crucial to evaluate them in conjunction with other investment factors.
In legal terms, an “insider” refers to any officer, director, or beneficial owner of more than ten percent of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
Navigating the World of Insider Transaction Codes
In the domain of transactions, investors frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Twin Disc’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Super Micro Stock Tumbles Anew As Data Center Firm Cuts Sales Outlook
Super Micro Computer (SMCI) stock fell late Tuesday after the data center hardware firm cut its sales targets for the September and December quarters. The company currently is embroiled in controversy surrounding its financial reporting.
After the market close, the San Jose, Calif.-based company offered a “business update” on its fiscal first quarter, which ended Sept. 30, as well as the current quarter.
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Tight Trading Ahead On Election Eve; Deckers, Garmin, XPO In Focus
For fiscal Q1, Super Micro now expects adjusted earnings of 75 to 76 cents a share on sales of $5.9 billion to $6 billion. It previously guided to adjusted earnings of 67 to 83 cents a share on sales of $6 billion to $7 billion.
Analysts polled by FactSet had expected the company to earn 73 cents a share on sales of $6.44 billion in the September quarter. In the year-earlier period, it earned 34 cents a share on sales of $2.12 billion.
For the current quarter ending Dec. 31, Super Micro forecast adjusted earnings of 56 to 65 cents a share on sales of $5.5 billion to $6.1 billion. Wall Street was modeling earnings of 81 cents a share on sales of $6.84 billion in the fiscal second quarter.
Super Micro Stock Falls On Update
In after-hours trading on the stock market today, Super Micro stock fell more than 9% to 25.17. During the regular session Wednesday, it rose 6.4% to 27.70.
Super Micro stock is down 55% in the past three months and 3% year to date as it deals with a morass of accounting issues. It faces possible delisting from the Nasdaq exchange if it doesn’t meet its financial compliance requirements.
Last week, Super Micro disclosed that Ernst & Young had resigned as its accounting firm after citing concerns about the company’s financial reporting. That news was on top of a delay in filing its annual 10-K report and a possible investigation by the U.S. Department of Justice.
Super Micro has been benefiting from cloud computing companies building data centers to support artificial intelligence applications. It competes with Dell Technologies (DELL), Hewlett Packard Enterprise (HPE), Lenovo and others.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
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Emerson Electric Posts Better-Than-Expected Results, Joins Palantir Technologies, DXP Enterprises, Cummins, Apollo Global Management And Other Big Stocks Moving Higher On Tuesday
U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Tuesday.
Shares of Emerson Electric Co EMR rose sharply during Monday’s session after the company reported better-than-expected fourth-quarter financial results and issued FY25 adjusted EPS guidance above estimates. Also, the company announced it increased return of capital to shareholders with plans to repurchase approximately $2B in FY25.
Net sales growth of 13% year over year to $4.62 billion, beating the consensus of $4.57 billion. Underlying sales were up 4%, and underlying orders increased by 2% in the quarter. Adjusted EPS improved 15% to $1.48, beating the consensus of $1.47.
Emerson Electric shares jumped 6.6% to $117.01 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Vimeo, Inc. VMEO shares jumped 42.7% to $6.86 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
- Gogo Inc GOGO gained 29.3% to $8.47 after the company reported better-than-expected third-quarter financial results.
- Astera Labs Inc ALAB rose 29.1% to $90.14 after the company reported better-than-expected third-quarter EPS and sales.
- Aris Water Solutions Inc ARIS gained 25.8% to $20.84 following strong quarterly results.
- Palantir Technologies Inc PLTR gained 22.4% to $50.70 after the company reported better-than-expected third-quarter financial results and issued guidance above consensus estimates.
- UFP Technologies Inc UFPT rose 20.7% to $335.00 after the company reported better-than-expected third-quarter financial results.
- Lindblad Expeditions Holdings Inc LIND gained 20.6% to $11.28 after the company reported better-than-expected third-quarter financial results.
- DXP Enterprises Inc DXPE gained 18.7% to $60.45 following strong quarterly results.
- Century Aluminum Co CENX gained 17.7% to $20.66 following upbeat quarterly earnings.
- Payoneer Global Inc PAYO climbed 16% to $9.88 after the company reported better-than-expected quarterly EPS and sales and raised its FY24 revenue guidance.
- Cushman & Wakefield PLC CWK gained 13.2% to $14.88 after the company reported better-than-expected quarterly adjusted EPS results.
- Ingredion Inc INGR rose 12.6% to $150.97 following upbeat earnings.
- Primoris Services Corp PRIM gained 10.5% to $71.11 following strong quarterly earnings.
- Powell Industries, Inc. POWL rose 9.1% to $293.34.
- Cummins Inc CMI gained 8.7% to $353.91 after the company reported better-than-expected third-quarter financial results.
- Nomura Holdings Inc NMR rose 7.3% to $5.64 following second-quarter results.
- Apollo Global Management APO gained 6.8% to $149.00 after the company reported better-than-expected quarterly financial results.
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