Philip Morris Posts Upbeat Results, Joins Coherent, ArcelorMittal, Yum! Brands And Other Big Stocks Moving Higher On Thursday

U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.2% on Thursday.

Shares of Philip Morris International Inc. (NYSE:PM) rose sharply on Thursday after the company reported better-than-expected fourth-quarter financial results.

Philip Morris Intl reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $9.71 billion which beat the analyst consensus estimate of $9.44 billion.

Philip Morris shares jumped 9.1% to $142.96 on Thursday.

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

• American Superconductor Corporation (NASDAQ:AMSC) shares surged 31.3% to $33.50 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.
• Altus Power, Inc. (NYSE:AMPS) gained 28% to $4.9050 after the company announced it entered into a definitive agreement to be acquired by TPG for a valuation of approximately $2.2 billion.
• Hesai Group (NASDAQ:HSAI) surged 21.7% to $16.90.
• TTM Technologies, Inc. (NASDAQ:TTMI) gained 19.6% to $29.63 after the company reported fourth-quarter earnings and revenue above estimates.
• Digi International Inc. (NASDAQ:DGII) surged 18.3% to $36.00 following first-quarter earnings.
• Liquidity Services, Inc. (NASDAQ:LQDT) gained 16.8% to $37.22 after the company reported better-than-expected quarterly financial results.
• Peloton Interactive, Inc. (NASDAQ:PTON) surged 14.6% to $8.69 following upbeat revenue.
• Tapestry, Inc. (NYSE:TPR) rose 14% to $83.67 after the company reported second-quarter financial results and beat its sales estimates.
• Coherent Corp. (NYSE:COHR) gained 13.7% to $102.47 after the company reported better-than-expected quarterly financial results.
• InterDigital, Inc. (NASDAQ:IDCC) jumped 12.2% to $204.82 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.
• ArcelorMittal S.A. (NYSE:MT) gained 11.6% to $28.42 after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimate.
• AST SpaceMobile, Inc. (NASDAQ:ASTS) climbed 11.3% to $27.50 after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a price target of $30.
• WeRide Inc. (NASDAQ:WRD) rose 8.8% to $15.24 after the company launched the Robovan W5.
• Yum! Brands, Inc. (NYSE:YUM) gained 7.7% to $141.32 following upbeat quarterly earnings.
• Darling Ingredients Inc. (NYSE:DAR) rose 6.5% to $38.41 after the company reported better-than-expected fourth-quarter EPS results.

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