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Jabil Posts Better-Than-Expected Earnings, Joins Darden Restaurants, QXO, Five Below And Other Big Stocks Moving Higher On Thursday

Benzinga · 03/20 14:43

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U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.

Shares of Jabil Inc. (NYSE:JBL) rose sharply during Wednesday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 guidance.

Jabil reported second-quarter adjusted earnings per share of $1.94, beating the analyst consensus estimate of $1.83. Quarterly sales of $6.73 billion outpaced the analyst consensus estimate of $6.408 billion.

Jabil shares jumped 5.1% to $146.67 on Thursday.

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

ProAssurance Corporation (NYSE:PRA) shares jumped 47.8% to $22.98 after the company announced it will be acquired by The Doctors Company for $25.00 per share in cash.
ARS Pharmaceuticals, Inc. (NASDAQ:SPRY) gained 24.77% to $14.53 following fourth-quarter results.
China Liberal Education Holdings Limited (NASDAQ:CLEU) shares rose 19.8% to $2.42.
Regencell Bioscience Holdings Limited (NASDAQ:RGC) jumped 19.5% to $36.77.
Capricor Therapeutics, Inc. (NASDAQ:CAPR) rose 13.7% to $13.90 following strong quarterly results.
Titan Machinery Inc. (NASDAQ:TITN) gained 12.9% to $16.63 following strong quarterly sales.
Carvana Co. (NYSE:CVNA) gained 9.9% to $193.50 after Piper Sandler upgraded the stock from Neutral to Overweight..
Gambling.com Group Limited (NASDAQ:GAMB) shares rose 9.4% to $13.65 after reporting upbeat quarterly results.
Immunocore Holdings plc (NASDAQ:IMCR) gained 9% to $31.31.
Darden Restaurants, Inc. (NYSE:DRI) rose 7.7% to $202.57 after the company issued FY25 sales guidance above estimates.
QXO, Inc. (NYSE:QXO) gained 7.4% to $14.02. On Thursday, QXO disclosed entering into a definitive merger agreement to acquire Beacon for $124.35 per share in cash.
Five Below, Inc. (NASDAQ:FIVE) rose 6.8% to $80.73 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.
The Boston Beer Company, Inc. (NYSE:SAM) gained 4.4% to $228.68. Citigroup analyst Filippo Falorni upgraded Boston Beer from Neutral to Buy and raised the price target from $265 to $280.

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