Stock futures moved cautiously Thursday morning as investors awaited fresh labor market data and the kickoff of the Federal Reserve’s Jackson Hole symposium.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainer
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Nordson (NASDAQ:NDSN) +6% – Shares rose after the company beat expectations with stronger FQ3 results. Sales rose 12% Y/Y to $742M, topping estimates of $723.6M, while adjusted EPS climbed 13% to $2.73 vs. $2.41 last year and above the $2.64 consensus. The company reaffirmed its full-year outlook, noting sales are tracking just below the midpoint of its range and adjusted earnings slightly above. For FY2025, Nordson projects sales of $2.75B–$2.87B (midpoint $2.81B) and EPS of $9.70–$10.50 (midpoint $10.10). The board also approved a new $500M share buyback program.
Biggest stock losers
- Coty (NYSE:COTY) -20% – Shares tumbled after the company posted mixed FQ4 results, including a surprise net loss and weak guidance. Revenue fell 8% Y/Y (-9% LFL) despite a 1% FX benefit, while adjusted gross margin contracted 190 bps to 62.3%. Management cited U.S. softness, retailer destocking, fragrance normalization after FY2024 strength, and pressure in mass cosmetics as key headwinds, though it emphasized progress toward consistent profitable growth. Looking ahead, Coty flagged macro and tariff uncertainty, cautious retailer ordering, and heightened promotional competition, guiding Q1 LFL sales to decline 6–8%, with a modest FX lift expected in H1.
- Two Harbors (NYSE:TWO) -3% – Shares fell after the mortgage REIT agreed to pay $375M in cash to settle litigation tied to the termination of its management agreement with PRCM Advisers and affiliates of Pine River Capital. In return, Pine River will relinquish all IP ownership claims. The company also provided a business update, estimating book value at ~$12.73 per share as of Aug. 15, up from $12.14 on June 30, reflecting a 4.9% total economic return; however, after accounting for the settlement payment, book value is pegged at ~$11.06 per share.