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    Electronic Arts Posts Upbeat Earnings, Joins Mattel, Johnson Controls, Mueller Water Products And Other Big Stocks Moving Higher On Wednesday

    Benzinga·02/05/2025 16:27:25
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    U.S. stocks were mostly lower, with the Nasdaq Composite falling around 100 points on Wednesday.

    Shares of Electronic Arts Inc (NASDAQ:EA) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter EPS results. B of A Securities raised its price target on the stock from $130 to $132.

    Electronic Arts posted net bookings of $2.215 billion and GAAP earnings of $1.11 per share, beating estimates of $1.07 per share.

    Electronic Arts shares jumped 5.4% to $127.83 on Wednesday.

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

    • BigBear.ai Holdings Inc (NYSE:BBAI) shares surged 33.99% to $6.58. BigBear.ai won Department of Defense contract to prototype near-peer adversary geopolitical risk analysis for Chief Digital and Artificial Intelligence Office.
    • Criteo SA (NASDAQ:CRTO) shares jumped 20% to $46.06 following better-than-expected fourth-quarter reported financial results and an increase in its share buyback authorization program.
    • Mercury Systems Inc (NASDAQ:MRCY) gained 19% to $49.68 after the company reported better-than-expected quarterly financial results.
    • Tilray Brands Inc (NASDAQ:TLRY) gained 17% to $1.16.
    • SSR Mining Inc (NASDAQ:SSRM) gained 16.8% to $9.57 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $5.5 to $8.
    • Mattel Inc (NASDAQ:MAT) rose 12.7% to $20.37 following better-than-expected fourth-quarter financial results. Jefferies upgraded the stock from Hold to Buy following the report.
    • Embraer SA (NYSE:ERJ) gained 11.6% to $44.48 after its executive jets subsidiary announced a purchase agreement with Flexjet in which it secured a $7 billion order.
    • Johnson Controls International PLC (NYSE:JCI) gained 11.2% to $85.97 after the company reported better-than-expected first-quarter financial results and FY25 outlook. They also appointed Joakim Weidemanis as next CEO.
    • Mueller Water Products Inc (NYSE:MWA) gained 10.8% to $25.60 following better-than-expected quarterly reported financial results. Additionally, the company raised its FY25 adjusted EBITDA guidance and issued FY25 revenue guidance above estimates.
    • Champion Homes Inc (NYSE:SKY) gained 9.5% to $101.61 after the company reported better-than-expected quarterly financial results.
    • Tempus AI Inc (NASDAQ:TEM) rose 8.7% to $67.21 after TD Cowen reinstated a Buy rating on the stock and announced a price target of $74.
    • Bloom Energy Corp (NYSE:BE) gained 8.2% to $25.02.
    • GSK plc (NYSE:GSK) gained 7.8% to $37.52 after the company reported better-than-expected fourth-quarter financial results.
    • Fiserv Inc (NYSE:FI) shares surged 7.1% to $229.37 following better-than-expected quarterly reported financial results.
    • Powell Industries Inc (NASDAQ:POWL) gained 5.8% to $246.82. Powell Industries raised its quarterly dividend to $0.2675 per share.
    • BioNTech SE – ADR (NASDAQ:BNTX) rose 5.7% to $123.76.
    • Toyota Motor Corp (NYSE:TM) gained 3.8% to $194.68 after the company reported a year-over-year increase in third-quarter financial results and issued FY25 guidance above estimates.

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