U.S. stocks were higher, with the Dow Jones index gaining around 400 points on Thursday.
Shares of CVS Health Corporation (NYSE:CVS) rose sharply during Thursday's session after the company reported better-than-expected first-quarter results and raised FY25 EPS guidance.
CVS Health reported first-quarter sales of $94.59 billion on Thursday, beating the consensus of $93.64 billion. Total revenues increased 7% year over year, driven by revenue growth across all segments.
CVS Health posted adjusted EPS of $2.25 for Q1, a sharp rise from $1.31 a year earlier and well above Wall Street’s $1.70 estimate.
CVS Health shares jumped 6.5% to $71.11 on Thursday.
Here are some other big stocks recording gains in today’s session.
- Cantor Equity Partners, Inc. (NASDAQ:CEP) surged 28% to $53.98.
- E2open Parent Holdings, Inc. (NASDAQ:ETWO) shares jumped 26.4% to $2.4901.
- CommScope Holding Company, Inc. (NASDAQ:COMM) gained 24.4% to $4.6550 following better-than-expected quarterly earnings.
- MediaAlpha, Inc. (NYSE:MAX) rose 19.7% to $10.06 following strong quarterly sales.
- Lotus Technology Inc. (NASDAQ:LOT) gained 19.6% to $1.9500.
- Advanced Energy Industries, Inc. (NASDAQ:AEIS) rose 16.7% to $113.72 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates. Additionally, Needham maintained a Buy rating on the stock and Baird maintained an Outperform rating.
- MYR Group Inc. (NASDAQ:MYRG) gained 16.2% to $142.09 following upbeat quarterly earnings.
- CONMED Corporation (NYSE:CNMD) rose 16.1% to $57.01 after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance.
- CoreWeave (NASDAQ:CRWV) gained 15.3% to $47.60.
- Chart Industries, Inc. (NYSE:GTLS) rose 14.2% to $154.11 after the company reported better-than-expected first-quarter adjusted EPS results and issued FY25 adjusted EPS guidance above estimates. Also, the company issued FY25 sales guidance with its midpoint above estimates.
- TTM Technologies, Inc. (NASDAQ:TTMI) gained 13.4% to $22.70 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
- Frontdoor, Inc. (NASDAQ:FTDR) rose 13.3% to $46.56 after the company reported better-than-expected first-quarter financial results and raised tis FY25 sales guidance above estimates.
- Quanta Services, Inc. (NYSE:PWR) gained 12.4% to $329.11 after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance with its midpoint above estimates.
- ATI Inc. (NYSE:ATI) rose 12% to $60.87 after the company reported better-than-expected quarterly financial results and raised its FY25 adjusted EPS guidance.
- Carrier Global Corporation (NYSE:CARR) gained 10.4% to $69.07 after the company reported better-than-expected first-quarter financial results and raised its FY25 guidance.
- Vertiv Holdings Co (NYSE:VRT) rose 9.7% to $93.67.
- Microsoft Corporation (NASDAQ:MSFT) gained 9.6% to $433.29 following strong quarterly earnings.
- MasTec, Inc. (NYSE:MTZ) rose 8.2% to $137.75.
- CNH Industrial N.V. (NYSE:CNH) gained 8.2% to $12.52 following quarterly results.
- Comfort Systems USA, Inc. (NYSE:FIX) jumped 7.4% to $427.31.
- Carvana Co. (NYSE:CVNA) gained 6.4% to $260.16.
- Hyatt Hotels Corporation (NYSE:H) rose 6.2% to $119.61 following upbeat results.
- Meta Platforms, Inc. (NASDAQ:META) gained 5.6% to $580.00 following strong quarterly results.
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