The U.S. stock market saw a mixed day on Thursday, with the Dow Jones index dropping by around 100 points. However, several individual stocks experienced significant gains, driven by positive financial results and strategic partnerships.
Zoom Video Communications, Inc. (ZM) surged by 12.2% to $67.62, reaching a new high for the day, after reporting stronger-than-expected second-quarter earnings. The company exceeded analysts’ expectations with earnings per share of $1.39, beating the consensus estimate of $1.21 by a significant 14.88%. Zoom’s quarterly revenue also surpassed expectations, coming in at $1.16 billion, marking a 2.09% increase year-over-year.
Other notable gainers included Peloton Interactive, Inc. (PTON), whose shares jumped 27% to $4.27 after also reporting better-than-expected second-quarter financial results. Rezolve AI Limited (RZLV) saw a 21% increase to $10.70 following the announcement of a partnership with ePages.
Opera Limited (OPRA) soared 16.7% to 14.99 after releasing positive second-quarter financial results and exceeding analyst estimates for FY24 revenue guidance. EHang Holdings Limited (EH) gained 14.6% to $14.30, fueled by better-than-expected second-quarter earnings.
Grifols, S.A. (GRFS) rose by 11.5% to $8.55, Olaplex Holdings, Inc. (OLPX) climbed 11.4% to $2.44, and Calumet, Inc. (CLMT) gained 11.4% to $19.53. QXO, Inc. (QXO) saw a 10.2% increase to $14.89, while OSI Systems, Inc. (OSIS) rose 8.6% to $157.00 after exceeding fourth-quarter financial expectations and providing an optimistic FY25 guidance.
Lindblad Expeditions Holdings, Inc. (LIND) gained 8.6% to $8.93, Opendoor Technologies Inc. (OPEN) climbed 8.5% to $2.18, Redfin Corporation (RDFN) rose 7% to $9.66, and MINISO Group Holding Limited (MNSO) gained 4.7% to $16.14.
