U.S. Movers: HPE, Juniper Networks, PriceSmart, Intuitive Surgical, WD 40

Scott Peters
10 Jan, 2024
New York City

Hewlett-Packard Enterprise increased 0.4% to $16.20 after the company confirmed it agreed to acquire Juniper Networks for $40 a share, or about $14 billion, in an all-cash deal.

Lennar Corp. increased 1.4% to $150.17 after the home builder increased its annual dividend to $2.0 from $1.50 a share and the company's board approved the stock repurchase program of $5 billion.

WD-40 Company advanced 6.5% to $252.0 after the lubricant maker reported better-than-expected quarterly results.

Revenue in the fiscal first quarter ending in November increased 12% from a year ago to $140.4 million, rose to $17.5 million from $13.99 million, and diluted earnings per share advanced to $1.28 from $1.02 a year ago.

PriceSmart jumped 8.9% to $79.42 after the membership warehouse club reported fiscal first quarter results.

Revenue in the quarter ending in November rose 10.6% to $1.2 billion from $1.05 billion, net income jumped to $38 million from $32.9 million, and diluted earnings per share advanced to $1.24 from $1.05 a year ago.

Intuitive Surgical rose 4.9% to $347.0 after the medical equipment maker reported preliminary quarterly results and a stronger-than-expected fourth-quarter sales outlook.

Revenue in the fourth quarter increased 17% to $1.93 billion from $1.66 billion, and revenue in the full-year 2023 rose 14% to $7.12 billion from $6.22 billion a year ago.

The company placed 415 da Vinci surgical systems, an increase of 12% from a year ago.

In 2023, the number of da Vinci surgical systems installed increased by 8% to 1,370 from 1,264 a year ago.

Taiwan Semiconductor Manufacturing decreased 1.1% to $100.70 after the company reported December 2023 sales. 

On a consolidated basis, revenue for December was approximately NT$176.30 billion, a decrease of 14.4% from November and a decline of 8.4% from a year ago. 

Revenue for January through December 2023 totaled NT$2,161.74 billion, a decrease of 4.5% compared to the same period in 2022.