U.S. stocks were lower, with the Dow Jones index falling around 200 points on Wednesday.
Shares of Western Digital Corporation (NASDAQ:WDC) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter adjusted EPS results and issued fourth-quarter adjusted EPS guidance above estimates.
Western Digital reported quarterly earnings of $1.36 per share which beat the analyst consensus estimate of $1.13 per share. The company reported quarterly sales of $2.29 billion which missed the analyst consensus estimate of $2.36 billion.
Additionally, the company declared a quarterly dividend of $0.10 per share.
Western Digital jumped 6.5% to $43.24 on Wednesday.
Here are some other big stocks recording gains in today's session.
- Regencell Bioscience Holdings Limited (NASDAQ:RGC) jumped 59% to $50.14.
- Oddity Tech Ltd. (NASDAQ:ODD) gained 18.8% to $55.99 after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance.
- Concord Medical Services Holdings Limited (NYSE:CCM) gained 16.6% to $9.15.
- Cantor Equity Partners, Inc. (NASDAQ:CEP) jumped 15.5% to $37.81.
- Silicon Motion Technology Corporation (NASDAQ:SIMO) jumped 14.6% to $51.78 after the company reported better-than-expected quarterly financial results.
- Global Industrial Company (NYSE:GIC) gained 14.1% to $25.31 after the company reported better-than-expected quarterly financial results.
- Wingstop Inc. (NASDAQ:WING) jumped 10.7% to $255.26 following upbeat quarterly earnings.
- Qorvo, Inc. (NASDAQ:QRVO) gained 10.6% to $69.33 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance with its midpoint above estimates.
- Seagate Technology Holdings plc (NASDAQ:STX) gained 9.2% to $89.21 following third-quarter results.
- Trane Technologies plc (NYSE:TT) gained 7.6% to $380.43 after the company reported better-than-expected first-quarter financial results and raised its FY25 GAAP EPS and sales guidance above estimates.
- XPO, Inc. (NYSE:XPO) jumped 7.5% to $104.78 after the company reported better-than-expected quarterly EPS results.
- The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) gained 7% to $57.00 following upbeat earnings.
- Gildan Activewear Inc. (NYSE:GIL) rose 6.2% to $45.56 following strong quarterly earnings.
- PPG Industries, Inc. (NYSE:PPG) gained 3.7% to $107.68 after the company reported better-than-expected quarterly financial results.
Now Read This:
Photo via Shutterstock