U.S. stocks were lower, with the Dow Jones index falling more than 500 points on Tuesday.
Shares of Amer Sports, Inc. (NYSE:AS) rose sharply during Tuesday's session after the company reported better-than-expected third-quarter financial results and raised its FY25 guidance above estimates.
The company reported third-quarter adjusted earnings per share of 33 cents, beating the analyst consensus estimate of 25 cents. Quarterly sales of $1.756 billion (+30% year over year) outpaced the Street view of $1.710 billion.
Amer Sports shares jumped 6.5% to $32.78 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Olema Pharmaceuticals, Inc. (NASDAQ:OLMA) shares jumped 123% to $19.01 as the stock reacted to Roche lidERA Phase 3 results demonstrating superiority over aromatase inhibitors in early-breast cancer, de-risking SERD class development.
- Ferroglobe PLC (NASDAQ:GSM) surged 17.1% to $4.4050.
- Arvinas, Inc. (NASDAQ:ARVN) gained 15.8% to $12.79.
- Diginex Limited (NASDAQ:DGNX) shares rose 15.2% to $15.65 after the company announced a strategic alliance with EVIDENT Group to embed its daata capabilities within EVIDENT’s platform.
- Alumis Inc. (NASDAQ:ALMS) gained 8% to $6.02.
- Fox Factory Holding Corp. (NASDAQ:FOXF) gained 7.9% to $14.26.
- James Hardie Industries plc (NYSE:JHX) rose 7% to $17.89 after the company reported better-than-expected second-quarter financial results. The company named Ryan Lada as CFO.
- Ardent Health, Inc. (NYSE:ARDT) gained 7% to $8.86 after announcing a $50 million share repurchase program authorization.
- Cogent Communications Holdings, Inc. (NASDAQ:CCOI) surged 6.6% to $19.74. Cogent Communications plans to resume stock repurchase program.
- Ondas Holdings Inc. (NASDAQ:ONDS) rose 3.3% to $6.46. Ondas announced it has completed the previously announced acquisition of Sentry CS Ltd.
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