U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Friday.
Shares of Sony Group Corporation SONY rose sharply during Thursday's session after reporting better-than-expected second-quarter earnings and raising FY24 revenue outlook.
Sony Group reported fiscal second-quarter 2024 consolidated sales growth of 3% year-on-year to $19.44 billion (2.91 trillion Japanese yen), missing the analyst consensus estimate of $19.62 billion. EPS of $0.37 (55.74 yen) beat the analyst consensus estimate of $0.27.
Sony shares jumped 9.4% to $19.98 on Friday.
Here are some other big stocks recording gains in today's session.
- Innodata Inc. INOD shares surged 67.7% to $40.84.
- Sezzle Inc. SEZL shares jumped 51.7% to $380.00 after the company reported a year-over-year increase in third-quarter financial results, raised its FY24 guidance, and issued FY25 adjusted EPS guidance above estimates.
- Upstart Holdings, Inc. UPST surged 44% to $79.89 after the company reported better-than-expected quarterly financial results.
- indie Semiconductor, Inc. INDI gained 43.3% to $4.9200 after the company reported better-than-expected third-quarter financial results.
- Doximity, Inc. DOCS gained 37.8% to $59.87 following better-than-expected second-quarter financial results.
- Fortrea Holdings Inc. FTRE rose 32% to $23.82 after the company issued FY24 revenue guidance above estimates.
- Axon Enterprise, Inc. AXON gained 26.3% to $591.89 after the company reported better-than-expected third-quarter financial results and issued current-quarter revenue guidance above estimates.
- Ubiquiti Inc. UI gained 20.4% to $314.49 following upbeat quarterly earnings.
- Bloom Energy Corporation BE rose 19.8% to $12.78. The company announced a 20 MW utility deal with FPM Development and Baird maintained an Outperform rating on the stock.
- Tempus AI, Inc TEM gained 18.8% to $67.50.
- AAON, Inc. AAON shares rose 15.7% to $137.83 after the company reported better-than-expected quarterly financial results. Also, Baird raised its price target on the stock from $130 to $138 and maintained an Outperform rating.
- Lumentum Holdings Inc. LITE gained 14.4% to $84.25 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
- Toast, Inc. TOST gained 13.3% to $37.00 after the company reported better-than-expected quarterly financial results.
- Tesla, Inc. TSLA rose 8.3% to $321.66. The stock has continued to gain following the US presidential election.
- SharkNinja, Inc. SN gained 7.1% to $102.80.
- Expedia Group, Inc. EXPE gained 5.8% to $184.24 after the company reported better-than-expected third-quarter adjusted EPS results.
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