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Walmart Posts Upbeat Earnings, Joins Canada Goose, Lightspeed Commerce And Other Big Stocks Moving Higher On Thursday

Benzinga ·  May 16 10:24

U.S. stocks were higher, with the Dow Jones gaining over 50 points on Thursday.

Shares of Walmart Inc. (NYSE:WMT) rose sharply during Thursday's session following better-than-expected quarterly earnings.

The retailer reported that in the first quarter of 2025, the adjusted EPS was 60 cents, beating the consensus of 52 cents. Sales were $161.51 billion, up 6.0% year over year or 5.8% (at constant currency), including a benefit of ~1% from an additional selling day, beating the consensus of $159.50 billion, according to data from Benzinga Pro.

Walmart shares surged 6.9% to $63.99 on Thursday.

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

  • AST SpaceMobile, Inc. (NASDAQ:ASTS) shares gained 32.6% to $3.1711 as the company reported a narrower-than-expected loss for its first quarter and announced a definitive commercial agreement with AT&T Inc.
  • Canada Goose Holdings Inc. (NYSE:GOOS) shares surged 23% to $14.10 following better-than-expected fourth-quarter earnings.
  • Magnite, Inc. (NASDAQ:MGNI) climbed 21.6% to $11.91. Needham analyst Laura Martin reiterated Magnite with a Buy and maintained a $15 price target.
  • Lightspeed Commerce Inc. (NYSE:LSPD) shares gained 15.3% to $14.74 following upbeat quarterly sales.
  • Trupanion, Inc. (NASDAQ:TRUP) climbed 14.7% to $32.53 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $35 to $49.
  • SilverBow Resources, Inc. (NYSE:SBOW) rose 14.7% to $37.17 after the company announced that it entered into a definitive agreement to be acquired by Crescent Energy.
  • VinFast Auto Ltd. (NASDAQ:VFS) climbed 12.8% to $4.79. VinFast received 27,649 pre-orders for the VF 3 in Vietnam after 66 hours of accepting deposits.
  • Corebridge Financial, Inc. (NYSE:CRBG) rose 12.7% to $34.00 after AIG reached a deal to sell shares of its stock in the company to Nippon Life Insurance.
  • Extreme Networks, Inc. (NASDAQ:EXTR) gained 10.8% to $12.02.
  • NextNav Inc. (NASDAQ:NN) rose 8% to $8.08. The company recently posted a loss for the first quarter.
  • HUYA Inc. (NYSE:HUYA) gained 7.6% to $6.01.
  • ZTO Express (Cayman) Inc. (NYSE:ZTO) shares gained 6% to $22.67 following upbeat quarterly results
  • Chubb Limited (NYSE:CB) rose 4.1% to $263.28 following an SEC filing showed Berkshire Hathaway purchased shares of the stock. The 13F filing revealed Berkshire Hathaway had purchased 25.92 million Chubb shares valued at over $6.717 billion.
  • Arvinas, Inc. (NASDAQ:ARVN) gained 3.9% to $33.58. Arvinas and Pfizer reported updated clinical data from Phase 1b combination cohort evaluating Vepdegestrant.
  • The Boeing Company (NYSE:BA) rose 3.6% to $183.41.
  • Boot Barn Holdings, Inc. (NYSE:BOOT) gained 3.6% to $113.95. Boot Barn posted upbeat earnings for its fourth quarter, but issued soft FY24 forecast on Tuesday.

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