Penske Automotive Group Inc (NYSE: PAG) reported third-quarter FY23 sales growth of 8% year-on-year to $7.45 billion, beating the analyst consensus of $7.26 billion.
Companies Reporting Before The Bell
• Deutsche Bank (NYSE:DB) is estimated to report quarterly earnings at $0.52 per share on revenue of $7.65 billion.
Gainers
WaveDancer, Inc. (NASDAQ: WAVD) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract.
U.S. stocks traded lower, with the Dow Jones falling around 200 points on Wednesday. Here are some big stocks recording gains in today’s session.
Powell Industries, Inc. (NASDAQ: POWL) shares jumped 36.3% to $83.52 following upbeat quarterly results.
Keybanc cut the price target for Baxter International Inc. (NYSE: BAX) from $53 to $51. Keybanc analyst Matthew Mishan maintained an Overweight rating. Baxter International shares rose 1.2% to $47.58 in pre-market trading.