In Thursday’s financial tango, FactSet Research Systems Inc. tripped over its earnings report, sending shares plummeting by a significant 5.2%. The reason? Disappointing second-quarter revenue numbers and a forecast that lacked the ‘oomph’ expected by investors.
Despite beating market estimates on the adjusted earnings front at $4.22 per share, the company’s quarterly sales of $545.95 million missed the mark, coming in below expectations of $546.80 million, according to data from Benzinga Pro.
The stock closed at $462.36 on the day, adding to the woes of what was likely a nail-biting trading session for shareholders.
But FactSet Research was not alone in the market tango. Let’s take a look at some of the other stocks that were strutting their stuff in Thursday’s mid-day session.
Those Who Gained Ground
- Yield10 Bioscience, Inc. YTEN shares took a 136.7% leap, dancing up to $0.5751 after getting the green light from the USDA-APHIS Biotechnology Regulatory Services to plant and breed Camelina sativa varieties in the U.S.
- Kaival Brands Innovations Group, Inc. KAVL bounced back, surging 101.7% to $2.6850 after taking a stumble of 11% on the previous day.
- CuriosityStream Inc. CURI galloped ahead by 63.2% to $2.6850 following the release of its fourth-quarter financial report.
- Portage Biotech Inc. PRTG gained 53.7% to $0.7525.
- Lufax Holding Ltd LU sprinted up by 41.3% to $4.76 after unveiling its fourth-quarter results.
- Asset Entities Inc. ASST saw a 37% rise to $0.7173 post its announcement of a partnership with Zendrop.
- Cazoo Group Ltd CZOO climbed by 33% to $4.6475.
- Guess?, Inc. GES sauntered up 23.1% to $31.95, revealing a strong fourth-quarter financial performance and a special dividend of $2.25 per share.
- Nortech Systems Incorporated NSYS shot up by 22.3% to $13.35 on the heels of its fourth-quarter results.
- JOANN Inc. JOAN gained 20.8% to $0.1631.
- Aemetis, Inc. AMTX scaled up by 18.4% to $4.3238 after receiving approval for a $200 million investment in various projects.
- Canoo Inc. GOEV moved 16.5% up to $3.9712 after garnering approval for its Oklahoma City facility as a Foreign Trade Zone.
- NextNav Inc. NN jumped 15% to $5.55 with a vote of confidence from a major owner acquiring a significant number of shares.
- Micron Technology, Inc. MU hiked 14.7% to $110.37 on the back of robust second-quarter results and a promising third-quarter outlook.
- argenx SE ARGX advanced 14.4% to $408.38 on favorable myasthenia gravis data.
- Stem, Inc. STEM rose 14.3% to $2.2050
- Astera Labs, Inc. ALAB went up 14.2% to $70.81 amid IPO-related ripples.
- Ocugen, Inc. OCGN gained 9.3% to $1.3550.
- Graphjet Technology GTI rose by 9.3% to $10.93.
- Anywhere Real Estate Inc. HOUS surged 9.1% to $5.99.
- LiveWire Group, Inc. LVWR gained 9.1% to $7.44 after a 5% uptick the day before.
- Precigen, Inc. PGEN climbed 6.3% to $1.53.
Those Who Weathered a Storm
- Movella Holdings Inc. MVLA saw a hefty 61.4% decline, hitting $0.11, as it announced voluntary Nasdaq delisting.
- Tourmaline Bio, Inc. TRML fell 38.4% to $27.50 after showing a fourth-quarter loss of 81 cents per share.
- Critical Metals Corp. CRML dropped 27.2% to $9.48.
- Apyx Medical Corporation APYX fell 27% to $1.35 following weak FY24 guidance.
- Paltalk, Inc. PALT declined 23.5% to $2.1279 after a drop in fourth-quarter revenue.
- SpireTech Systems SPIRE dipped by 20.1% to $55.60 when it announced the departure of its CEO Alex.