In this article we take a look at five stocks that are moving on Thursday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Moving on Thursday.
5. Parker-Hannifin Corporation (NYSE:PH) is up over 8.1% after reporting adjusted EPS of $4.26 per share for the first quarter, beating the consensus by $0.56 per share. Revenue rose 16.4% year over year to $3.76 billion, and was $120 million ahead of estimates. For the fiscal year ending June 30, 2022, Parker-Hannifin Corporation (NYSE:PH) has adjusted earnings per share guidance of $16.95-$17.65 versus the consensus of $16.89. At the end of June, a total of 42 of the elite funds in our database held long positions in Parker-Hannifin Corporation (NYSE:PH), a change of -2% from the previous quarter.
4. Electronic Arts Inc. (NASDAQ:EA) rose over 2.6% after reporting EPS of $1.02 for the second quarter, beating the consensus by $0.45. Bookings rose 103.3% year over year to $1.85 billion, beating the average estimate by $100 million. Electronic Arts Inc. (NASDAQ:EA)’s net bookings for the trailing twelve months rose 27% year over year to $7.077 billion. Ken Griffin’s Citadel Investment Group was among the elite fund holders of Electronic Arts Inc. (NASDAQ:EA) at the end of June.
3. The Manitowoc Company, Inc. (NYSE:MTW) fell 11.4% on Thursday after the company reported adjusted EPS of $0.06 on sales of $404.5 million for Q3, missing the average estimate by $0.05 and $52.07 million. For FY21, The Manitowoc Company, Inc. (NYSE:MTW) has a revenue view of $1.725 billion to $1.775 billion, down from the previous $1.775 billion to $1.825 billion. D E Shaw was among the elite holders of The Manitowoc Company, Inc. (NYSE:MTW) at the end of Q2.
2. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 2.3% after reporting fiscal first quarter adjusted EPS of $1.79, exceeding the consensus by $0.24. Sales were $448.4 million, down 0.9% year over year, but $8.45 million ahead of estimates. Lumentum Holdings Inc. (NASDAQ:LITE) is also trending due to the company have entered into an agreement to buy NeoPhotonics Corporation (NYSE:NPTN) for $16 in cash per share subject to customary closing conditions. Fisher Asset Management was long 858,688 shares of Lumentum Holdings Inc. (NASDAQ:LITE) at the end of September.
1. NeoPhotonics Corporation (NYSE:NPTN) has surged over 38% after the company agreed to sell to Lumentum Holdings Inc. (NASDAQ:LITE) for $16 in cash per share subject to customary closing conditions. The deal is expected to close in the second half of calendar year 2022. Renaissance Technologies was long 2,192,157 shares of NeoPhotonics Corporation (NYSE:NPTN) at the end of Q2.
Disclosure: None.
