Philip Morris Posts Upbeat Results, Joins Coherent, ArcelorMittal, Yum! Brands And Other Big Stocks Moving Higher On Thursday
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U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.2% on Thursday.

Shares of Philip Morris International Inc. PM rose sharply on Thursday after the company reported better-than-expected fourth-quarter financial results.

Philip Morris Intl reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $9.71 billion which beat the analyst consensus estimate of $9.44 billion.

Philip Morris shares jumped 9.1% to $142.96 on Thursday.

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

  • American Superconductor Corporation AMSC shares surged 31.3% to $33.50 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.
  • Altus Power, Inc. AMPS gained 28% to $4.9050 after the company announced it entered into a definitive agreement to be acquired by TPG for a valuation of approximately $2.2 billion.
  • Hesai Group HSAI surged 21.7% to $16.90.
  • TTM Technologies, Inc. TTMI gained 19.6% to $29.63 after the company reported fourth-quarter earnings and revenue above estimates.
  • Digi International Inc. DGII surged 18.3% to $36.00 following first-quarter earnings.
  • Liquidity Services, Inc. LQDT gained 16.8% to $37.22 after the company reported better-than-expected quarterly financial results.
  • Peloton Interactive, Inc. PTON surged 14.6% to $8.69 following upbeat revenue.
  • Tapestry, Inc. TPR rose 14% to $83.67 after the company reported second-quarter financial results and beat its sales estimates.
  • Coherent Corp. COHR gained 13.7% to $102.47 after the company reported better-than-expected quarterly financial results.
  • InterDigital, Inc. IDCC jumped 12.2% to $204.82 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.
  • ArcelorMittal S.A. MT gained 11.6% to $28.42 after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimate.
  • AST SpaceMobile, Inc. ASTS climbed 11.3% to $27.50 after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a price target of $30.
  • WeRide Inc. WRD rose 8.8% to $15.24 after the company launched the Robovan W5.
  • Yum! Brands, Inc. YUM gained 7.7% to $141.32 following upbeat quarterly earnings.
  • Darling Ingredients Inc. DAR rose 6.5% to $38.41 after the company reported better-than-expected fourth-quarter EPS results.

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