Textron Inc. Reports Strong Earnings, Joining Other Big Movers in Market Surge

U.S. stocks traded higher, with the Nasdaq Composite gaining around 100 points on Wednesday.

Shares of Textron Inc.
TXT rose during Wednesday’s session following upbeat quarterly earnings.

Textron posted adjusted earnings of $1.60 per share, beating market estimates of $1.54 per share. The company’s quarterly sales came in at $3.89 billion versus expectations of $3.95 billion, according to data from Benzinga Pro.

Textron shares gained 6% to $ 84.09 on Wednesday.

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

• Kura Oncology, Inc.
  KURA jumped 41.3% to $18.99. Kura Oncology announced oversubscribed $150 million private placement.
• Jin Medical International Ltd.
  ZJYL gained 21% to $202.00.

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