Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday's Mid

Shares of Teledyne Technologies Incorporated (NYSE:TDY) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and cut FY24 adjusted EPS guidance.

Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from Benzinga Pro.

Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday.

Here are some other stocks moving in today’s mid-day session.

Gainers

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) gained 136% to $0.3570.
BranchOut Food Inc. (NASDAQ:BOF) shares climbed 73% to $1.98 after the company announced it has expanded its existing relationship with the nation’s largest retailer, which brings the total annualized value of commitments from the retailer to over $8 million.
Amesite Inc. (NASDAQ:AMST) jumped 55.7% to $3.10 after the company announced the Beta release of its NurseMagic app.
Lichen China Limited (NASDAQ:LICN) gained 53.5% to $0.8599.
WiMi Hologram Cloud Inc. (NASDAQ:WIMI) rose 44.6% to $1.05.
Mullen Automotive, Inc. (NASDAQ:MULN) rose 44% to $3.93.
Prenetics Global Limited (NASDAQ:PRE) gained 36.6% to $6.25.
B. Riley Financial, Inc. (NASDAQ:RILY) shares surged 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.
MMTec, Inc. (NASDAQ:MTC) shares climbed 29% to $2.8948.
Connexa Sports Technologies Inc. (NASDAQ:YYAI) gained 28.8% to $0.9427.
Ribbon Communications Inc. (NASDAQ:RBBN) shares rose 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.
TROOPS, Inc. (NASDAQ:TROO) gained 26.6% to $1.38.
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) gained 19.9% to $1.10
Hasbro, Inc. (NASDAQ:HAS) surged 12.1% to $65.13 following better-than-expected first-quarter financial results.
Tesla, Inc. (NASDAQ:TSLA) gained 11.9% to $161.93 following first-quarter results.
Vertiv Holdings Co (NYSE:VRT) climbed 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.
Intchains Group Limited (NYSE:ICG) gained 10.3% to $10.30.
Navitas Semiconductor Corporation (NASDAQ:NVTS) surged 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) surged 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.
Stride, Inc. (NYSE:LRN) surged 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.
Texas Instruments Incorporated (NASDAQ:TXN) gained 6.4% to $176.10 following a first-quarter earnings beat.
Boston Scientific Corporation (NYSE:BSX) surged 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.
Hilton Worldwide Holdings Inc. (NYSE:HLT) rose gained 4.4% to $205.69 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance.

Losers

Neo-Concept International Group Holdings Limited (NASDAQ:NCI) fell 67.4% to $3.06 after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.
iSun, Inc. (NASDAQ:ISUN) fell 40% to $0.0901 after the company announced a reverse stock split.
GlucoTrack, Inc. (NASDAQ:GCTK) declined 36.8% to $0.4801.
Evotec SE (NASDAQ:EVO) shares dipped 32.4% to $5.27 after reporting fiscal year 2023 results.
Avenue Therapeutics, Inc. (NASDAQ:ATXI) fell 31% to $0.0925 after the company announced a reverse stock split.
Vaxxinity, Inc. (NASDAQ:VAXX) dipped 26.8% to $0.1464.
Applied DNA Sciences, Inc. (NASDAQ:APDN) fell 20% to $0.2320.
Brand Engagement Network, Inc. (NASDAQ:BNAI) shares dipped 19.5% to $3.46.
NewGenIvf Group Limited (NASDAQ:NIVF) shares declined 18.8% to $1.81.
Recon Technology, Ltd. (NASDAQ:RCON) fell 16.5% to $0.0845.
Finch Therapeutics Group, Inc. (NASDAQ:FNCH) fell 15.5% to $2.35.
New Oriental Education & Technology Group Inc. (NYSE:EDU) shares slipped 13.9% to $77.13 following downbeat quarterly earnings.
Mersana Therapeutics, Inc. (NASDAQ:MRSN) fell 11% to $2.8600.
Helen of Troy Limited (NASDAQ:HELE) dipped 9.8% to $90.45 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares declined 9.7% to $197.95 following a first-quarter revenue miss.
Vicor Corporation (NASDAQ:VICR) dipped 8.5% to $32.17 after the company reported worse-than-expected first-quarter sales results.
Sleep Number Corporation (NASDAQ:SNBR) fell 8.4% to $13.38.
Manhattan Associates, Inc. (NASDAQ:MANH) shares declined 8.4% to $211.18 following quarterly results.
Equinox Gold Corp. (NYSE:EQX) fell 8.2% to $5.25. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion’s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.
Enphase Energy, Inc. (NASDAQ:ENPH) fell 4.5% to $108.43 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.
Lithia Motors, Inc. (NYSE:LAD) shares fell 4.3% to $253.02 following downbeat quarterly earnings.