Paychex Posts Better-Than-Expected Earnings, Joins Worthington Enterprises, GameStop, Cintas And Other Big Stocks Moving Higher On Wednesday
Benzinga
26 Mar
U.S. stocks were mixed, with the Dow Jones index gaining around 100 points on Wednesday.
Shares of Paychex, Inc. (NASDAQ:PAYX) rose sharply during Wednesday's session after the company reported better-than-expected quarterly adjusted EPS.
The company reported third-quarter revenue growth of 5% year-on-year to $1.509 billion, marginally missing the analyst consensus estimate of $1.516 billion. Adjusted EPS of $1.49 beat the consensus estimate of $1.48.
Paychex shares jumped 5.5% to $152.02 on Wednesday.
Here are some other big stocks recording gains in today's session.
Worthington Enterprises, Inc. (NYSE:WOR) gained 18.4% to $49.31 as the company posted better-than-expected earnings for the third quarter.
Perimeter Solutions, Inc. (NYSE:PRM) rose 15% to $10.48 after UBS upgraded the stock from Neutral to Buy and announced a price target of $14.
GameStop Corp. (NYSE:GME) gained 14.3% to $29.05 after the company reported better-than-expected quarterly adjusted EPS and announced its board approved an update to its investment policy to add Bitcoin as a treasury reserve asset.
Super Hi International Holding Ltd. (NASDAQ:HDL) gained 10.6% to $24.47 following fourth-quarter results.
BRP Inc. (NASDAQ:DOOO) gained 9.9% to $39.06 following better-than-expected quarterly earnings.
Cintas Corporation (NASDAQ:CTAS) surged 9.6% to $212.18 following better-than-expected quarterly earnings.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) gained 7.8% to $22.33 following fourth-quarter results.
Ashland Inc. (NYSE:ASH) rose 5.7% to $60.16. JP Morgan analyst Jeffrey Zekauskas upgraded Ashland from Neutral to Overweight and raised the price target from $68 to $71.
Weatherford International plc (NASDAQ:WFRD) rose 4.7% to $57.41.
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