U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Friday.

Smith & Wesson Brands, Inc. (SWBI) saw a remarkable surge during Friday’s session following the announcement of exceptional third-quarter financial performance.

Notably, the company achieved a remarkable 6.5% year-on-year sales growth, reaching $137.5 million, surpassing the analyst consensus of $133.55 million. Additionally, the company outperformed expectations with an adjusted EPS of $0.19, exceeding the consensus of $0.10.

As a result, Smith & Wesson Brands shares soared by an impressive 25.8% to $16.91, demonstrating the market’s enthusiastic response to the robust financial outcomes.

Joining the upward trajectory, several other prominent stocks also witnessed significant gains in today’s session.

• Willdan Group, Inc. (WLDN) surged 30.4% to $25.89 after surpassing fourth-quarter financial expectations and providing optimistic FY24 guidance coupled with a substantial contract win.
• Gulf Island Fabrication, Inc. (GIFI) experienced a 24.1% increase in share price to $6.43 upon reporting improved year-over-year fourth-quarter revenue.
• Grifols, S.A. (GRFS) rose by 22.7% to $6.89 after releasing its consolidated annual accounts for 2023.
• DoubleDown Interactive Co., Ltd. (DDI) climbed by 21.6% to $14.25, reflecting strong market sentiment.
• America’s Car-Mart, Inc. (CRMT) witnessed a significant 16.5% increase to $72.56 following the announcement of positive third-quarter results.
• Porch Group, Inc. (PRCH) gained 16.1% to $3.6099 after exceeding fourth-quarter financial expectations and issuing favorable FY24 guidance.
• Samsara Inc. (IOT) displayed a 14.3% rise to $39.28 following impressive fourth-quarter financial results and optimistic FY25 guidance.
• PureCycle Technologies, Inc. (PCT) advanced by 12.7% to $5.75, showcasing strong market performance.
• Carvana Co. (CVNA) saw a 12.2% increase to $89.19 after receiving an upgrade and target price raise from RBC Capital.
• Adaptimmune Therapeutics plc (ADAP) observed a 12.1% rise to $1.95 after surpassing quarterly EPS expectations.
• Ventyx Biosciences, Inc. (VTYX) climbed by 11.6% to $11.31 following a successful $100 million common stock private placement.
• CleanSpark, Inc. (CLSK) saw an increase of 11.6% to $19.88, reflecting positive market sentiment.
• HCI Group, Inc. (HCI) surged by 11.3% to $110.42 after delivering impressive fourth-quarter financial results.
• Marathon Digital Holdings, Inc. (MARA) rose by 10.5% to $24.10, amid favorable market conditions.
• Valneva SE (VALN) gained 10.2% to $7.58, continuing the positive trend of the day.
• Redfin Corporation (RDFN) saw a 9.6% increase to $7.10, buoyed by market optimism.
• Plug Power Inc. (PLUG) experienced an 8.5% rise to $4.2350, reflecting positive investor sentiment.
• Affirm Holdings, Inc. (AFRM) climbed by 8.4% to $39.65 in light of favorable market conditions.
• Upstart Holdings, Inc. (UPST) saw an 8.2% increase to $28.53, reflecting the upbeat market atmosphere.
• Riot Platforms, Inc. (RIOT) gained 6.8% to $12.79, amid positive market movements.
• Snap Inc. (SNAP) rose by 6% to $12.56 following a significant legislative development concerning TikTok.
• Carnival Corporation (CCL) saw a 5% increase to $16.44, reflecting prevailing market conditions.

In conclusion, today’s market rally showcased a remarkable performance by Smith & Wesson Brands and several other key stocks, reflecting a broader investor optimism towards the market.