Eaton Posts Strong Results, Joins Ferrari, Boot Barn And Other Big Stocks Moving Higher On Thursday - Boo

U.S. stocks traded higher, with the Dow Jones gaining over 100 points on Thursday.

Shares of Eaton Corporation plc (NYSE:ETN) rose sharply during Thursday’s session after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.

Eaton posted adjusted earnings of $2.55 per share, beating market estimates of $2.47 per share. The company’s quarterly sales came in at $5.97 billion versus expectations of $5.91 billion, according to data from Benzinga Pro.

Eaton shares gained 6.2% to $261.48 on Thursday.

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

Cimpress plc (NASDAQ:CMPR) shares surged 28.8% to $96.90 after the company reported better-than-expected second-quarter financial results and said the board authorized the repurchase of up to $150 million of company shares.
Nextracker Inc. (NASDAQ:NXT) rose gained 18.8% to $53.79 after the company reported better-than-expected third-quarter financial results.
SunPower Corporation (NASDAQ:SPWR) gained 18.1% to $3.5791.
Corteva, Inc. (NYSE:CTVA) rose 16.2% to $52.84 after the company reported better-than-expected quarterly financial results, issued 2024 guidance and announced a $1 billion repurchase plan.
Nextracker Inc. (NYSE:NXT) surged 16.1% to $52.56 after the company reported better-than-expected quarterly financial results.
Olema Pharmaceuticals, Inc (NASDAQ:OLMA) gained 13.3% to $14.78. Olema Pharmaceuticals filed prospectus related to resale of up to 13.2 million shares of common stock held by selling stockholders.
Plug Power Inc. (NASDAQ:PLUG) rose 12.2% to $4.9900. Plug Power said it completed first customer fill of liquid green hydrogen at its Georgia plant.
Credit Acceptance Corporation (NASDAQ:CACC) gained 11.9% to $605.43 following upbeat earnings.
Digi International Inc. (NASDAQ:DGII) rose 11.7% to $27.17 following strong results.
EZCORP, Inc. (NASDAQ:EZPW) rose 11.6% to $9.61 after the company reported better-than-expected quarterly financial results.
Allegro MicroSystems, Inc. (NASDAQ:ALGM) surged 10.9% to $28.77 following upbeat earnings.
Ferrari N.V. (NYSE:RACE) rose 10.4% to $382.17 after the company reported fourth-quarter financial results and issued 2024 guidance.
Lancaster Colony Corporation (NASDAQ:LANC) surged 10% to $202.15 following strong earnings.
Absci Corporation (NASDAQ:ABSI) gained 9.8% to $4.35.
Etsy, Inc. (NASDAQ:ETSY) climbed 9.6% to $72.95 after the company announced the appointment of Elliott Investment Management’s Marc Steinberg to its board.
Boot Barn Holdings, Inc. (NYSE:BOOT) rose 8.4% to $77.79 following upbeat earnings.
KB Financial Group Inc. (NYSE:KB) gained 8.3% to $45.77.
Arvinas, Inc. (NASDAQ:ARVN) rose 8.3% to $44.94. Goldman Sachs analyst Paul Choi initiated coverage on Arvinas with a Buy rating and announced a price target of $70.
Sally Beauty Holdings, Inc. (NYSE:SBH) climbed 7.4% to $13.24 following upbeat earnings.
Norfolk Southern Corporation (NYSE:NSC) gained 7.4% to $251.33. The Wall Street Journal reported that Ancora-led investor group has a $1 billion stake in Norfolk Southern, citing sources.
EverQuote, Inc. (NASDAQ:EVER) climbed 7.2% to $13.53.
Tenet Healthcare Corporation (NYSE:THC) rose 6.2% to $87.76.
Deutsche Bank Aktiengesellschaft (NYSE:DB) shares rose 6.2% to $13.65 after the company posted fourth-quarter results and announced plans to cut 3,500 jobs. Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year-over-year in 2024.
Ball Corporation (NYSE:BALL) jumped 6% to $58.78 following strong earnings.
Li Auto Inc. (NASDAQ:LI) climbed 5.8% to $29.30. Li Auto delivered 31,165 vehicles in January 2024, up 105.8% year over year.