Stocks closed higher Tuesday, marking the S&P 500’s longest winning streak since 2021.
These stocks made moves Tuesday:
Datadog
(DDOG) jumped 29% after the security software provider topped third-quarter profit expectations and issued a solid outlook driven by more customers transitioning to the cloud.
Uber Technologies
(UBER) reported its second-ever operating profit in the third quarter, but revenue of $9.3 billion missed analysts’ estimates of $9.5 billion. The company also reported third-quarter gross bookings of $35.3 billion, above Wall Street estimates of $34.6 billion and an increase of 21% from $29.1 billion a year earlier. The stock closed up 3.7%.
D.R. Horton
(DHI), the largest publicly traded home builder in the U.S., reported fiscal fourth-quarter earnings of $4.45 a share on revenue of $10.5 billion. Analysts had expected the company to report earnings of $3.94 a share on revenue of $10 billion.
D.R. Horton
also raised its quarterly dividend to 30 cents a share from 25 cents. The stock rose 2.9%.
Sanmina
(SANM) fell 14% after the electronics manufacturing company said it expects fiscal first-quarter adjusted profit of $1.20 to $1.30 a share, below analysts’ estimates of $1.52, and revenue of $1.85 billion to $1.95 billion, below estimates of $2.19 billion.
Alteryx
(AYX) rose 20% after the software company reported a narrower-than-expected third-quarter loss and sales of $232 million that beat analysts’ estimates.
Gen Digital
(GEN) was the best-performing stock in the S&P 500 on Tuesday, rising 8.5%, after the software company formerly known as NortonLifeLock posted fiscal second-quarter adjusted earnings and revenue that beat analysts’ forecasts.
Air Products & Chemicals
(APD) closed down 13% after fiscal fourth-quarter revenue of $3.19 billion at the industrial gases company missed analysts’ consensus of $3.35 billion. The stock was the S&P 500’s worst performer.
DigitalOcean
(DOCN) was up 10% after the maker of software for cloud-computing applications was double-upgraded to Buy from Sell at
Goldman Sachs.
Tripadvisor
(TRIP) rose 11% after the online travel platform reported adjusted earnings and sales in the third quarter that beat Wall Street expectations. Sales of $533 million rose 16% from a year earlier.
Third-quarter earnings and revenue at
Planet Fitness
(PLNT) beat analysts’ expectations while same-store sales in the period matched expectations. The stock rose 13%.
GlobalFoundries
(GFS) closed up 5.1% after the contract chip manufacturer’s third-quarter earnings topped analysts’ expectations.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Connor Smith at connor.smith@barrons.com
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