U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Thursday.
Shares of Jabil Inc. (NYSE:JBL) rose sharply in today's session after the company reported better-than-expected fourth-quarter financial results and approved a $1 billion share buyback.
Jabil reported fourth-quarter revenue of $6.96 billion, down by 17.7% year-on-year, beating the analyst consensus estimate of $6.59 billion. The print manufacturing company's adjusted EPS of $2.30 beat the analyst consensus estimate of $2.22.
Jabil shares jumped 11.2% to $126.18 on Thursday.
Here are some other big stocks recording gains in today's session.
- SBC Medical Group Holdings Incorporated (NYSE:SBC) jumped 25.4% to $10.01.
- Gaotu Techedu Inc. (NYSE:GOTU) shares jumped 25.4% to $3.65.
- Adaptive Biotechnologies Corporation (NASDAQ:ADPT) gained 24.1% to $4.9650.
- TAL Education Group (NYSE:TAL) gained 21.7% to $10.13.
- Ispire Technology Inc. (NASDAQ:ISPR) surged 18.6% to $6.91 following FY24 financial results.
- Studio City International Holdings Limited (NYSE:MSC) gained 17.8% to $7.43.
- KE Holdings Inc. (NYSE:BEKE) surged 17.4% to $19.22. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.
- H World Group Limited (NASDAQ:HTHT) gained 16.7% to $36.60. Shares of Chinese stocks traded higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.
- New Oriental Education & Technology Group Inc. (NYSE:EDU) gained 14.4% to $71.19.
- Micron Technology, Inc. (NASDAQ:MU) gained 14.2% to $109.37 following strong quarterly results.
- Yum China Holdings, Inc. (NYSE:YUMC) jumped 14.2% to $43.60.
- The Estée Lauder Companies Inc. (NYSE:EL) gained 10% to $100.78.
- Southwest Airlines Co. (NYSE:LUV) climbed 9.9% to $31.19 after the company announced it plans a $2.5 billion share repurchase program and issued its third-quarter RASM guidance. Also, the company announced it reduced headcount through controlled hiring and attrition and has contracts with all labor groups.
- Alibaba Group Holding Limited (NYSE:BABA) gained 9.7% to $104.73 following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.
- Trip.com Group Limited (NASDAQ:TCOM) rose 9.1% to $55.74.
- Celanese Corporation (NYSE:CE) gained 6.6% to $138.71.
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