5 Stocks That Soared Today After Beating Earnings Expectations And Making Strategic Move

• Deckers Outdoor Corporation (DECK): This company, which owns brands like UGG and Teva, reported a strong earnings beat for the third quarter of 2023, with revenue up 32% year-over-year and earnings per share of $14.61, beating the consensus estimate of $11.23¹. The company also raised its full-year guidance, citing strong demand for its products across all regions and channels. The stock soared 18.94% to close at $576.37².
• ArcBest Corporation (ARCB): This transportation and logistics company also delivered a stellar earnings report for the third quarter of 2023, with revenue up 28% year-over-year and earnings per share of $3.77, beating the consensus estimate of $2.89¹. The company attributed its strong performance to its diversified portfolio of services, which helped it overcome supply chain challenges and labor shortages. The stock jumped 16.22% to close at $102.26².
• Adtalem Global Education Inc. (ATGE): This provider of educational services announced that it has entered into a definitive agreement to acquire Walden University, a leading online university, from Laureate Education, Inc. for $1.48 billion in cash¹. The acquisition is expected to enhance Adtalem’s position as a leader in healthcare education and expand its global reach. The stock surged 15.83% to close at $49.98².
• Siemens Energy AG (SMEGF): This German company, which produces energy equipment and solutions, reported a strong earnings beat for the fourth quarter of 2023, with revenue up 12% year-over-year and earnings per share of $0.27, beating the consensus estimate of $0.18¹. The company also announced a dividend of $0.18 per share and a share buyback program of up to $1.2 billion¹. The stock soared 13.05% to close at $8.49².
• Comfort Systems USA, Inc. (FIX): This provider of mechanical and electrical contracting services also posted a solid earnings beat for the third quarter of 2023, with revenue up 19% year-over-year and earnings per share of $2.03, beating the consensus estimate of $1.45¹. The company also raised its full-year guidance, citing strong demand for its services across all segments and regions. The stock spiked 14.55% to close at $175.92².