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.
- Playtika Holding Corp. (NASDAQ:PLTK) shares jumped 23.2% to $5.42.
- 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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