AAR Foods Posts Upbeat Q3 Earnings, Joins Braze, Arm Holdings And Other Big Stocks Moving Higher On Wednesday

U.S. stocks were higher, with the Dow Jones gaining around 350 points on Wednesday. Shares of AAR Corp (NYSE:AIR) rose sharply during Wednesday's session as the company reported better-than-expected earnings for the third quarter and raised its FY2026 sales forecast. AAR reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.15 per share. The company reported quarterly sales of $845.100 million which beat the analyst consensus estimate of $812.537 million. AAR shares jumped 10.5% to $119.10 on Wednesday. Here are some other big stocks recording gains in today’s session. Braze Inc (NASDAQ:BRZE) shares jumped 21.2% to $21.84 after the company reported better-than-expected fourth-quarter sales results and issued FY27 sales guidance above estimates. Also, the company announced a $100 million share buyback. Corcept Therapeutics Inc (NASDAQ:CORT) gained 21.3% to $41.02 after the FDA approved relacorilant in combination with nab-paclitaxel for the treatment of adults with platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal cancer. Arm Holdings PLC – ADR (NASDAQ:ARM) surged 18.7% to $160.22 after the company announced that it expects its new AGI CPU to generate approximately $15 billion in annual revenue in five years. Summit Therapeutics Inc (NASDAQ:SMMT) gained 13.7% to $17.68. Firefly Aerospace Inc (NASDAQ:FLY) rose 13.6% to $26.96. Intuitive Machines Inc (NASDAQ:LUNR) gained 13.3% to $20.31. Chewy Inc (NYSE:CHWY) gained 12.8% to $26.44 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. Planet Labs PBC (NYSE:PL) rose 11.2% to $35.41. The company announced it has begun recruiting talent for its upcoming satellite manufacturing facility in Berlin, marking a key step in its European expansion, with momentum also supported by its earnings report released Thursday. Globalstar, Inc. (NASDAQ:GSAT) gained 11.1% to $67.86. Iridium Communications Inc (NASDAQ:IRDM) rose 10.3% to $29.60. Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) surged 9.8% to $61.82. JFrog Ltd (NASDAQ:FROG) gained 9.7% to $46.97 after UBS upgraded the stock from Neutral to Buy. Hewlett Packard Enterprise Co (NYSE:HPE) gained 9.1% to $26.08. On Tuesday, the company introduced sweeping security advancements to enhance AI adoption and strengthen enterprise resilience. Advanced Micro Devices Inc (NASDAQ:AMD) surged 7.7% to $221.10. Photo via Shutterstock