Ten stocks registered whopping double-digit gains on Thursday, outperforming Wall Street’s main indices, as investors digested more strong corporate earnings for the third quarter of the year.
Meanwhile, Wall Street’s main indices all finished in the green, led by Nasdaq, up 0.89 percent, followed by the S&P 500, rising 0.58 percent, and the Dow Jones, growing 0.31 percent.
Indices aside, we spotlight the 10 companies that boasted between 11 to 19 percent gain in just a day and break down the reasons behind their gains.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
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10. Hexcel Corp. (NYSE:HXL)
Hexcel soared to a new all-time high on Thursday, as investors gobbled up shares ahead of its quarterly dividend payout, despite a dismal earnings performance and a lower growth outlook for the rest of the year.
In intra-day trading, Hexcel Corp. (NYSE:HXL) soared by as much as 16.6 percent to its highest price of $74.35 before paring gains to end the day just up by 11.31 percent at $70.95 apiece.
This followed announcements that it would pay $0.17 worth of dividends to all common shareholders as of the November 3 record, payable on November 10, 2025.
Meanwhile, Hexcel Corp. (NYSE:HXL) saw a 48.2 percent drop in its net profit in the third quarter of the year to $20.6 million from $39.8 million in the same period last year. Net sales also ended flat at $456.2 million versus $456.5 million year-on-year.
Earnings per share (EPS) fell by 46.9 percent to $0.26 from $0.49 in the same comparable period.
As key risks remain in the picture, including tariffs, inflation, and continued destocking, Hexcel Corp. (NYSE:HXL) said it expects to book $1.88 billion in sales for full-year 2025, marking the bottom end of its previous sales guidance of $1.88 billion to $1.95 billion for the year.
For next year, the company expects orders from commercial clients to pick up in line with their expansion plans.
“Once Airbus and Boeing hit their publicly announced peak build rates, Hexcel expects to benefit with an additional $500 million in incremental annual revenue from existing contracts. These increasing sales in 2026 and beyond will drive higher capacity utilization, unlocking the volume leverage that will fuel future margin expansion. With the incremental revenue, Hexcel is expected to generate more than $1 billion in free cash flow over the next four years,” Chairman, President, and CEO Tom Gentile said.
9. Darling Ingredients Inc. (NYSE:DAR)
Darling Ingredients grew its share prices by 11.41 percent on Thursday to close at $34.67 apiece as investors cheered its improved earnings performance in the third quarter of the year.
In an updated report, Darling Ingredients Inc. (NYSE:DAR) said its attributable net income jumped by 14.22 percent to $19.36 million from $16.95 million in the same period last year, as net sales grew by 9.8 percent to $1.56 billion from $1.42 billion year-on-year.
“Our core ingredients business continues to build momentum, driven by strong fundamentals across all segments,” Darling Ingredients Inc. (NYSE:DAR) Chairman and CEO Randall Stuewe said.
“We are on the heels of public policy developments that we expect to play out in our favor—reinforcing our unmatched position in the industry and our focus on delivering long-term value to shareholders,” he noted.
Darling Ingredients Inc. (NYSE:DAR) is a global ingredients company that repurposes and transforms animal by-products and food waste from the animal agriculture and food industries into a wide range of products, including animal feeds, crops, fertilizer, and renewable diesel, among others.
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