GE HealthCare Technologies Posts Upbeat Earnings, Joins Toyota, Spotify And Other Big Stocks Moving Highe

U.S. stocks traded mostly higher, with the Dow Jones gaining around 70 points on Tuesday.

Shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) rose sharply during Tuesday’s session after the company reported better-than-expected quarterly financial results and issued guidance.

GE HealthCare posted adjusted earnings of $1.18 per share, beating market estimates of $1.07 per share. The company’s quarterly sales came in at $5.21 billion versus expectations of $5.09 billion.

GE HealthCare Technologies surged 8.3% to $79.50 on Tuesday.

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

Palantir Technologies Inc. (NYSE:PLTR) shares gained 27% to $21.23 after the company reported better-than-expected fourth-quarter sales results and issued guidance.
AudioCodes Ltd. (NASDAQ:AUDC) climbed 16.3% to $14.16 after the company reported better-than-expected quarterly financial results.
Frontier Group Holdings, Inc. (NASDAQ:ULCC) climbed 15% to $5.94 following fourth-quarter results.
Dada Nexus Limited (NASDAQ:DADA) gained 13.6% to $1.91.
Coherent Corp. (NYSE:COHR) rose 13.1% to $55.92 after the company reported better-than-expected second-quarter financial results and revised FY24 guidance.
Cerus Corporation (NASDAQ:CERS) gained 12.7% to $2.12.
Open Lending Corporation (NASDAQ:LPRO) rose 10.2% to $7.47. Morgan Stanley analyst James Faucette upgraded Open Lending from Underweight to Equal-Weight and raised the price target from $4 to $7.
XPeng Inc. (NYSE:XPEV) gained 9.6% to $8.64.
Weibo Corporation (NASDAQ:WB) jumped 8.8% to $9.07.
ArcBest Corporation (NASDAQ:ARCB) rose 8% to $138.33 following upbeat earnings.
NIO Inc. (NYSE:NIO) gained 7.8% to $5.80.
IHS Holding Limited (NYSE:IHS) gained 7.7% to $2.81.
Toyota Motor Corporation (NYSE:TM) climbed 7.3% to $217.76 after it reported results for its third quarter and nine months of FY24.
Spotify Technology S.A. (NYSE:SPOT) gained 6.2% to $237.10 after the company reported a 28% increase in ad-supported MAUs and a 15% increase in premium subscribers for the fourth quarter.
Hertz Global Holdings, Inc. (NYSE:HTZ) rose 4.8% to $8.61 following quarterly results..