US Stock Market Move | Q3 performance exceeds expectations, Carter's Inc. Belier (CAT.US) surges nearly 12%

On Wednesday, Carter's Incorporated (CAT.US) surged nearly 12%, marking its largest increase since 2009 and reaching a new all-time high. On the news front, the company's third-quarter performance report exceeded Wall Street's general expectations. With the boost from the artificial intelligence trend, the company saw significant growth in revenue and earnings per share. As the demand for core power and energy storage equipment for large artificial intelligence data centers significantly expanded, its energy and transportation business underpinnings notably boosted overall performance. In the third quarter, the company achieved an adjusted earnings per share of $4.95, compared to Wall Street analysts' average expectation of $4.51. Revenue from the company's main operating segments grew by 10% to $16.7 billion, including a combined revenue of around $17.6 billion from the Financial Products division under Carter's Incorporated. Both of these revenue figures surpassed Wall Street's average expectations. For Carter's Incorporated, an industrial giant that has historically seen single-digit performance growth, a growth rate of 10% or more is considered very strong.