U.S. stocks were lower, with the Nasdaq Composite falling more than 200 points on Wednesday.
Shares of Williams-Sonoma, Inc. (NYSE:WSM) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results.
The company reported third-quarter adjusted earnings per share of $1.96, beating the analyst consensus of $1.78. Quarterly sales declined by 2.9% year-over-year to $1.8 billion, beating the street view of $1.79 billion. Comparable brand revenue was down 2.9% year-over-year.
Also, the company approved a $1 billion stock repurchase authorization.
Williams-Sonoma, Inc. (NYSE:WSM) shares gained 22.7% to $168.48 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Red Cat Holdings, Inc. (NASDAQ:RCAT) shares jumped 35.3% to $6.41. Palladyne AI and Red Cat expanded partnership for Teal Drones.
- Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares surged 33.3% to $6.12. The company reported third-quarter earnings on Tuesday.
- Alpha Teknova, Inc. (NASDAQ:TKNO) rose 18.3% to $7.39.
- Sunnova Energy International Inc. (NYSE:NOVA) gained 18.2% to $4.0701.
- Wix.com Ltd. (NASDAQ:WIX) gained 14.5% to $210.79 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance. Also, multiple firms raised their respective price targets on the stock.
- ATRenew Inc. (NASDAQ:RERE) gained 13.8% to $2.8000 following third-quarter results.
- Global-E Online Ltd. (NASDAQ:GLBE) shares rose 10.5% to $47.24 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue outlook.
- HUTCHMED (China) Limited (NASDAQ:HCM) gained 10.1% to $18.44. HUTCHMED announced the appointment of independent non-executive director and member of board committee.
- Dolby Laboratories, Inc. (NYSE:DLB) gained 9.9% to $77.96 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 EPS guidance above estimates.
- Bruker Corporation (NASDAQ:BRKR) rose 9.2% to $52.69.
- Azenta, Inc. (NASDAQ:AZTA) gained 9.2% to $44.68. Flex will replace Azenta in the S&P MidCap 400, and Azenta will replace Envestnet in the S&P SmallCap 600 effective prior to the opening of trading on Monday, Nov. 25.
- Alignment Healthcare, Inc. (NASDAQ:ALHC) gained 6.6% to $11.82.
- Flex Ltd. (NASDAQ:FLEX) gained 6.3% to $39.69.
- Keysight Technologies, Inc. (NYSE:KEYS) rose 5.2% to $160.02 after the company reported better-than-expected quarterly financial results. Also, multiple firms raised their respective price targets on the stock.
Now Read This:
- Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields
