Smith & Wesson Brands Reports Upbeat Earnings, Joins America's Car-Mart, HCI Group And Other Big Stocks Moving Higher On Friday

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Friday.

Shares of Smith & Wesson Brands, Inc. SWBI rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results.

The company recorded sales growth of 6.5% year-on-year to $137.5 million, beating the analyst consensus estimate of $133.55 million. Adjusted EPS of $0.19 beat the consensus estimate of $0.10.

Smith & Wesson Brands shares surged 25.8% to $16.91 on Friday.

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

• Willdan Group, Inc. WLDN jumped 30.4% to $25.89 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates. Also, the company secured a contract worth approximately $30 million to $50 million over three years.
• Gulf Island Fabrication, Inc. GIFI shares rose 24.1% to $6.43 after the company reported a year-over-year increase in fourth-quarter revenue results.
• Grifols, S.A. GRFS climbed 22.7% to $6.89 after the company announced it published its consolidated annual accounts for 2023.
• DoubleDown Interactive Co., Ltd. DDI climbed 21.6% to $14.25.
• America's Car-Mart, Inc. CRMT rose 16.5% to $72.56 following third-quarter results.
• Porch Group, Inc. PRCH gained 16.1% to $3.6099 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
• Samsara Inc. IOT climbed 14.3% to $39.28 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.
• PureCycle Technologies, Inc. PCT gained 12.7% to $5.75.
• Carvana Co. CVNA gained 12.2% to $89.19 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $45 to $90.
• Adaptimmune Therapeutics plc ADAP rose 12.1% to $1.95. Adaptimmune Therapeutics recently reported better-than-expected quarterly EPS results.
• Ventyx Biosciences, Inc. VTYX gained 11.6% to $11.31. Ventyx Biosciences recently announced a $100 million private placement of common stock.
• CleanSpark, Inc. CLSK gained 11.6% to $19.88.
• HCI Group, Inc. HCI climbed 11.3% to $110.42 after the company reported better-than-expected fourth-quarter financial results.
• Marathon Digital Holdings, Inc. MARA rose 10.5% to $24.10.
• Valneva SE VALN gained 10.2% to $7.58.
• Redfin Corporation RDFN gained 9.6% to $7.10.
• Plug Power Inc. PLUG rose 8.5% to $4.2350.
• Affirm Holdings, Inc. AFRM climbed 8.4% to $39.65.
• Upstart Holdings, Inc. UPST climbed 8.2% to $28.53.
• Riot Platforms, Inc. RIOT gained 6.8% to $12.79.
• Snap Inc. SNAP rose 6% to $12.56 after the House Energy and Commerce Committee unanimously approved a bill that that would force ByteDance to divest TikTok.
• Carnival Corporation CCL rose 5% to $16.44.

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