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Spotify Posts Upbeat Results, Joins Palantir, ATI, Ferrari, Cummins And Other Big Stocks Moving Higher On Tuesday
Allegheny Technologies Incorporated ATI | 62.76 | -1.18% |
BlackSky Technology Inc. Class A Common Stock BKSY | 16.50 | -0.84% |
Cummins Inc. CMI | 371.86 | +0.73% |
Grab Holdings GRAB | 4.79 | +2.57% |
Himax Technologies, Inc. Sponsored ADR HIMX | 9.53 | -4.03% |
U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Tuesday.
Shares of Spotify Technology S.A. (NYSE:SPOT) rose sharply during Tuesday's session after the company reported better-than-expected fiscal fourth-quarter 2024 financial results.
Spotify reported quarterly earnings of $1.88 per share, which missed the analyst consensus estimate of $2.06. The company reported quarterly sales of $4.53 billion (4.24 billion euros), up by 16% year-on-year, which beat the analyst consensus estimate of $4.15 billion.
Spotify shares surged 11.3% to $612.56 on Tuesday.
Here are some other big stocks recording gains in today's session.
- Palantir Technologies Inc. (NASDAQ:PLTR) shares jumped 25% to $104.77 after the company reported better-than-expected financial results for the fourth quarter and issued strong guidance. Several analysts also lifted price targets following the print.
- BlackSky Technology Inc. (NASDAQ:BKSY) gained 13% to $17.11. BlackSky won EMDYN subscription contract to deliver on-demand Gen-2 space-based imagery services to international government customers.
- ATI Inc. (NYSE:ATI) gained 11.5% to $64.65 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.
- PJT Partners Inc. (NYSE:PJT) climbed 11.3% to $184.02 following upbeat results.
- Grab Holdings Limited (NASDAQ:GRAB) gained 11.2% to $5.05 after Grab and GoTo are reportedly in merger talks.
- Himax Technologies, Inc. (NASDAQ:HIMX) rose 10.7% to $10.31.
- Rigetti Computing, Inc. (NASDAQ:RGTI) gained 9.8% to $14.79.
- Lancaster Colony Corporation (NASDAQ:LANC) surged 8.6% to $180.89 following strong quarterly sales.
- XPeng Inc. (NYSE:XPEV) gained 8.3% to $17.00.
- Ferrari N.V. (NYSE:RACE) rose 8% to $463.02 after the company reported better-than-expected quarterly financial results.
- Cummins Inc. (NYSE:CMI) gained 5.6% to $368.02 following fourth-quarter results.
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