U.S. stocks were lower, with the Dow Jones index falling more than 500 points on Friday.
Shares of Legence Corp (NASDAQ:LGN) rose sharply during Friday’s session after delivering mixed third-quarter results in its first earnings report since going public.
The company posted revenue of $708.01 million, up 26.2% year-over-year and ahead of analyst expectations of $639.78 million. Gross margin eased to 20.9% from 21.1% a year earlier, while earnings missed forecasts, with an EPS loss of 2 cents compared with consensus estimates calling for a profit of 6 cents.
Legence shares jumped 10.7% to $36.89 on Friday.
Here are some other big stocks recording gains in today’s session.
- Cidara Therapeutics Inc (NASDAQ:CDTX) shares jumped 105.6% to $217.87 after Merck agreed to acquire the company for $221.50 per share in a $9.2 billion cash deal.
- Invivyd Inc (NASDAQ:IVVD) gained 26.5% to $2.24. Invivyd recently reported better-than-expected quarterly financial results.
- Scholar Rock Holding Corp (NASDAQ:SRRK) surged 22.8% to $36.91. The company announced a $200 million equity offering.
- Avadel Pharmaceuticals PLC (NASDAQ:AVDL) gained 20.1% to $23.12 as the company received unsolicited proposal from Lundbeck.
- Ondas Holdings Inc (NASDAQ:ONDS) rose 13% to $7.42. Ondas Holdings reported better-than-expected third-quarter financial results and raised its FY25 sales guidance.
- Omeros Corp (NASDAQ:OMER) gained 11.9% to $7.03 following a narrower-than-expected quarterly loss.
- Figure Technology Solutions Inc (NASDAQ:FIGR) shares jumped 10.6% to $38.26 following upbeat quarterly results.
- Beyond Meat Inc (NASDAQ:BYND) shares gained 9.2% to $1.10. Beyond Meat announced determination of conversion rate for 7.00% Convertible Senior Secured Second Lien PIK Toggle Notes due 2030.
- RLX Technology Inc – ADR (NYSE:RLX) shares jumped 8.8% to $2.54 following third-quarter results.
- PomDoctor Ltd (NASDAQ:POM) gained 7.7% to $3.86.
- Cytek Biosciences Inc (NASDAQ:CTKB) shares rose 7.2% to $4.90.
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