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Sony Posts Upbeat Earnings, Joins Tesla, Upstart, Doximity, Fortrea, Axon Enterprise And Other Big Stocks Moving Higher On Friday

Benzinga ·  Nov 8 13:40

U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Friday.

Shares of Sony Group Corporation (NYSE:SONY) rose sharply during Thursday's session after reporting better-than-expected second-quarter earnings and raising FY24 revenue outlook.

Sony Group reported fiscal second-quarter 2024 consolidated sales growth of 3% year-on-year to $19.44 billion (2.91 trillion Japanese yen), missing the analyst consensus estimate of $19.62 billion. EPS of $0.37 (55.74 yen) beat the analyst consensus estimate of $0.27.

Sony shares jumped 9.4% to $19.98 on Friday.

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

  • Innodata Inc. (NASDAQ:INOD) shares surged 67.7% to $40.84.
  • Sezzle Inc. (NASDAQ:SEZL) shares jumped 51.7% to $380.00 after the company reported a year-over-year increase in third-quarter financial results, raised its FY24 guidance, and issued FY25 adjusted EPS guidance above estimates.
  • Upstart Holdings, Inc. (NASDAQ:UPST) surged 44% to $79.89 after the company reported better-than-expected quarterly financial results.
  • indie Semiconductor, Inc. (NASDAQ:INDI) gained 43.3% to $4.9200 after the company reported better-than-expected third-quarter financial results.
  • Doximity, Inc. (NYSE:DOCS) gained 37.8% to $59.87 following better-than-expected second-quarter financial results.
  • Fortrea Holdings Inc. (NASDAQ:FTRE) rose 32% to $23.82 after the company issued FY24 revenue guidance above estimates.
  • Axon Enterprise, Inc. (NASDAQ:AXON) gained 26.3% to $591.89 after the company reported better-than-expected third-quarter financial results and issued current-quarter revenue guidance above estimates.
  • Ubiquiti Inc. (NYSE:UI) gained 20.4% to $314.49 following upbeat quarterly earnings.
  • Bloom Energy Corporation (NYSE:BE) rose 19.8% to $12.78. The company announced a 20 MW utility deal with FPM Development and Baird maintained an Outperform rating on the stock.
  • Tempus AI, Inc (NYSE:TEM) gained 18.8% to $67.50.
  • AAON, Inc. (NASDAQ:AAON) shares rose 15.7% to $137.83 after the company reported better-than-expected quarterly financial results. Also, Baird raised its price target on the stock from $130 to $138 and maintained an Outperform rating.
  • Lumentum Holdings Inc. (NASDAQ:LITE) gained 14.4% to $84.25 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
  • Toast, Inc. (NYSE:TOST) gained 13.3% to $37.00 after the company reported better-than-expected quarterly financial results.
  • Tesla, Inc. (NASDAQ:TSLA) rose 8.3% to $321.66. The stock has continued to gain following the US presidential election.
  • SharkNinja, Inc. (NYSE:SN) gained 7.1% to $102.80.
  • Expedia Group, Inc. (NASDAQ:EXPE) gained 5.8% to $184.24 after the company reported better-than-expected third-quarter adjusted EPS results.

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