Major Stocks on the Rise Tuesday: Henry Schein, Sanmina, Wingstop, Waters, and More
U.S. Stock Market Performance: U.S. stocks declined, with the Nasdaq Composite dropping over 350 points on Tuesday, despite some companies reporting strong earnings.
Henry Schein Inc Earnings: Henry Schein Inc's shares surged 9.5% after reporting third-quarter adjusted EPS of $1.38, exceeding estimates, and raising its full-year sales guidance.
Notable Stock Gains: Several companies saw significant stock price increases, including Tactile Systems Technology (up 47.6%), Hertz Global Holdings (up 40.7%), and Kforce Inc. (up 35.6%), all due to better-than-expected quarterly results.
Other Companies with Positive Results: Additional companies like iHeartMedia, Paymentus Holdings, and Xometry also reported strong earnings, leading to notable stock price increases, reflecting a trend of positive financial performance among various firms.
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- Client Decline: Upwork's active clients fell by 6% to 785,000, causing a stock price drop of over 19%, which understandably alarmed investors concerned about client retention.
- Revenue Growth: Despite the decline in active clients, Upwork reported a 4% year-over-year revenue increase in Q4, reaching $198.4 million, indicating resilience in revenue generation, particularly in expanding its small and midsize business market.
- AI Investment Returns: Upwork's aggressive investment in AI has paid off, with AI-powered search recommendations boosting GSV by over $100 million, and annualized GSV from AI-related work climbing over 50% to $300 million, showcasing the potential of technological investments.
- Optimistic Outlook: Upwork's guidance for 2026 includes projected revenue between $835 million and $850 million, with adjusted earnings per share expected to be between $1.43 and $1.48, reflecting confidence in future growth driven by diversification in AI and SMB sectors.
- Amentum Holdings Decline: Amentum Holdings' stock fell approximately 12% after fiscal Q1 revenue and adjusted EBITDA missed Wall Street analysts' consensus estimates, indicating market concerns over its financial performance and potential future financing capabilities.
- BP Suspends Buyback: BP Plc suspended its stock buyback program to strengthen its balance sheet, resulting in a 6% drop in its ADRs in the U.S., reflecting the company's cautious approach amid market volatility.
- ZoomInfo Downgrade: ZoomInfo Technologies forecasted first-quarter earnings per share between 25 to 27 cents, below analysts' expectations of 27 cents, leading to a 10% decline in its stock price, which may affect market confidence and investor sentiment.
- Ichor Holdings Surge: Ichor Holdings' shares soared 37% to a 52-week high due to strong demand driving a fourth-quarter earnings beat, highlighting the recovery potential in the semiconductor equipment market.
- Strong Earnings Report: Upwork reported Q4 2025 revenue of $198.41 million, exceeding analyst expectations of $197.52 million, indicating robust performance in the era of human-plus-AI collaboration and boosting market confidence.
- Adjusted Earnings Beat: The company posted adjusted earnings of $0.36 per share for Q4, surpassing the $0.31 estimate, suggesting improving profitability that may attract more investor interest.
- Cautious Future Outlook: Upwork anticipates Q1 2026 revenue between $192 million and $197 million, below the $200.83 million forecast, reflecting a cautious stance towards the short-term market environment.
- Stock Price Volatility: Despite the strong earnings, Upwork's stock fell 19.3% to $15.16 on Tuesday, indicating market concerns over future earnings expectations, which could impact investor confidence.
- Q4 Results Beat Expectations: Upwork reported fourth-quarter revenue of $198.41 million, exceeding analyst estimates of $197.52 million, with adjusted earnings of 36 cents per share, surpassing the 31 cents forecast, indicating some resilience in the company's performance.
- Weak Q1 Outlook: Despite a strong Q4, Upwork expects first-quarter revenue between $192 million and $197 million, falling short of analyst expectations of $200.83 million, reflecting potential softness in market demand.
- Full-Year Revenue Forecast: The company projects full-year 2026 revenue between $835 million and $850 million, slightly below the $836.15 million analyst estimate, highlighting uncertainty in future growth prospects.
- Technical Price Analysis: Upwork shares fell 23.68% in premarket trading to $14.34, significantly below both the 20-day and 100-day simple moving averages, indicating considerable weakness in the short term.
- Stock Market Performance: Stock futures rose modestly on Tuesday, indicating a positive trend in the market.
- Tech Sector Influence: The increase in stock futures is attributed to a recent comeback in the technology sector, which has driven equities higher over the past two sessions.
- Revenue Guidance Increase: Credo Technology expects to report revenue between $404 million and $408 million, significantly up from prior guidance of $335 million to $345 million, indicating strong market demand and business growth potential.
- Significant Year-over-Year Growth: The company anticipates over 200% year-over-year growth in the current fiscal year, reflecting its competitive position in the industry and rapid market share expansion.
- Quarterly Growth Outlook: Credo also expects mid-single-digit sequential revenue growth to round out the year, suggesting continued strong performance in the coming months, which enhances investor confidence.
- Positive Stock Reaction: In pre-market trading, Credo Technology shares jumped 17.4% to $144.87, reflecting market optimism regarding its financial outlook and potentially attracting more investor interest.









