Varex Imaging Posts Upbeat Q3 Earnings, Joins Bowman Consulting, MarineMax And Other Big Stocks Moving Higher On Monday
Key takeaways
- Several big stocks, including Varex Imaging, Bowman Consulting Group, and MarineMax, recorded significant gains on Monday due to positive earnings and acquisition news.
- Varex Imaging's quarterly earnings: 31 cents per share
- Varex Imaging's quarterly sales: $210.500 million
- Bowman Consulting Group's share price: $42.24
What happened
Varex Imaging Corp reported upbeat quarterly earnings, beating analyst estimates, and announced its acquisition by Teledyne. Other big stocks, including Bowman Consulting Group, MarineMax, and AbCellera Biologics, also recorded significant gains on Monday.
Why it matters
The strong earnings and acquisition announcements from these companies have contributed to the mixed performance of U.S. stocks on Monday. The Dow Jones index fell around 100 points, while several individual stocks rose sharply.
Short-term and longer-term
Short-term. Over the next day or two, watch the next open for Varex Imaging, and any same-day update to the year-ahead numbers.
Longer-term. The acquisition announcements from Varex Imaging and MarineMax are likely to have a positive impact on their stocks in the near term.