Quantum surges 44% as earnings beat lifts U.S. stock gainers

U.S. stocks traded mixed on Tuesday, with the Dow Jones index up about 150 points, while Quantum Corp led a slate of gainers after reporting first-quarter results that beat Wall Street expectations and issuing second-quarter guidance above estimates. Quantum posted adjusted earnings of 18 cents per share, compared with market expectations for a 17-cent-per-share loss, on sales of $80.803 million versus estimates of $75.050 million. Its shares jumped 44% to $16.96. Other notable movers included NIQ Global Intelligence PLC, up 29.7% to $15.15 after better-than-expected second-quarter results and higher FY26 guidance, and Rapid7 Inc, which gained 23.3% to $14.32 on upbeat second-quarter earnings. Kopin Corp rose 22.1% to $5.14 after stronger-than-expected quarterly sales, while Fermi Inc added 18.3% to $6.96 after signing its first binding 15-year lease agreement with TensorWave. Alamar Biosciences Inc also gained 18.3% to $33.12 after upbeat quarterly earnings, and Mistras Group Inc climbed 16.5% to $18.41 following strong quarterly results. Babcock & Wilcox Enterprises Inc advanced 14.8% to $10.23 after better-than-expected quarterly financial results, Sea Ltd rose 12.5% to $129.12 after topping quarterly sales estimates, and Renew Energy Global PLC gained 11.2% to $6.82 after agreeing to go private in a cash deal at $7.02 per share with its CEO and CPP Investments. Riot Platforms Inc rose 9.2% to $21.19 after upbeat second-quarter sales, while Bending Spoons SpA, Cipher Digital Inc, Archer Aviation Inc and Aramark also posted solid gains.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.