Walgreens Posts Upbeat Earnings, Joins Wolfspeed, Ericsson And Other Big Stocks Moving Higher On Tuesday

Benzinga · 10/15 14:46

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Tuesday.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) rose sharply during Tuesday's session following better-than-expected quarterly earnings.

Walgreens reported fourth-quarter fiscal year 2024 sales of $37.55 billion, up 6% year over year (+6.1% on constant currency), beating the consensus of $35.76 billion, reflecting sales growth across all segments. Adjusted EPS was 39 cents, down 40.8%, beating the consensus of 36 cents, according to data from Benzinga Pro.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) gained 12.3% to $10.11 on Tuesday.

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

Wolfspeed, Inc. (NYSE:WOLF) shares jumped 25% to $14.24 after the company announced it signed a signed a non-binding preliminary memorandum of terms for up to $750 million in proposed direct funding under the CHIPS and Science Act.

MeiraGTx Holdings plc (NASDAQ:MGTX) gained 13.4% to $5.26 after safety and tolerability was confirmed in its gene therapy study for Parkinson’s.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) climbed 12.5% to $8.48 following a third-quarter earnings beat.

Rumble Inc. (NASDAQ:RUM) gained 9.5% to $5.99.

Montrose Environmental Group, Inc. (NYSE:MEG) gained 7.2% to $25.16. Montrose Environmental Group announced a $249 million US Army Corps Of Engineers Environmental Services contract.

TechTarget, Inc. (NASDAQ:TTGT) gained 7.2% to $26.97. Craig-Hallum analyst Jason Kreyer upgraded TechTarget from Hold to Buy and raised the price target from $34 to $36.

Bit Digital, Inc. (NASDAQ:BTBT) gained 5.8% to $3.4813. Bit Digital acquired Enovum Data Centers for total consideration of approximately $46 million.

Ardent Health Partners, Inc. (NASDAQ:ARDT) gained 5.2% to $19.85.

Foot Locker, Inc. (NYSE:FL) gained 4% to $24.72.

American Airlines Group Inc. (NASDAQ:AAL) gained 3.3% to $12.27.

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