Cirrus Logic Posts Upbeat Q3 Earnings, Joins Silicon Laboratories, Lear, Kennametal, CDW And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were mixed, with the Dow Jones index gaining more than 250 points on Wednesday.

Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.

Cirrus Logic reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.44 per share. The company reported quarterly sales of $580.620 million which beat the analyst consensus estimate of $533.890 million.

Cirrus Logic shares jumped 7.6% to $134.10 on Wednesday.

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

• Silicon Laboratories Inc. (NASDAQ:SLAB) shares jumped 48.4% to $202.82 after the company reported better-than-expected quarterly financial results.
• Enphase Energy, Inc. (NASDAQ:ENPH) gained 36.3% to $50.79 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
• InnovAge Holding Corp. (NASDAQ:INNV) shares climbed 35.4% to $7.66 following strong quarterly earnings.
• Reynolds Consumer Products Inc. (NASDAQ:REYN) gained 15.8% to $25.27 following quarterly results.
• Powell Industries, Inc. (NASDAQ:POWL) jumped 14% to $516.60 following upbeat earnings.
• Phoenix Asia Holdings Limited (NASDAQ:PHOE) gained 13.6% to $18.69.
• Cabot Corporation (NYSE:CBT) gained 13.1% to $80.62 following upbeat quarterly earnings.
• Columbia Sportswear Company (NASDAQ:COLM) rose 13% to $64.79 after posting better-than-expected quarterly earnings.
• Lear Corporation (NYSE:LEA) gained 12.1% to $134.03 after reporting upbeat earnings.
• MGM Resorts International (NYSE:MGM) shares jumped 11.8% to $38.20.
• Champion Homes, Inc. (NYSE:SKY) shares rose 11.5% to $84.77 after the company reported better-than-expected third-quarter financial results.
• Carlisle Companies Incorporated (NYSE:CSL) gained 10.8% to $394.58 after the company reported better-than-expected quarterly financial results.
• Super Micro Computer, Inc. (NASDAQ:SMCI) jumped 10.7% to $32.86 after the company reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
• Kennametal Inc. (NYSE:KMT) gained 9.9% to $39.31 after the company reported better-than-expected quarterly financial results and raised its FY26 guidance above estimates.
• CDW Corporation (NASDAQ:CDW) rose 9.7% to $138.37 after the company reported better-than-expected quarterly financial results.
• Fortive Corporation (NYSE:FTV) rose 9.3% to $59.40 after the company reported better-than-expected quarterly financial results and issued strong FY26 EPS outlook.
• Olin Corporation (NYSE:OLN) gained 8% to $24.76.
• Amgen Inc. (NASDAQ:AMGN) jumped 8% to $365.47 after the company reported better-than-expected quarterly financial results and issued FY25 GAAP EPS guidance above estimates.
• International Paper Company (NYSE:IP) gained 7% to $45.01.
• GSK plc (NYSE:GSK) rose 6.9% to $57.06 after the company reported better-than-expected quarterly financial results.

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