Market movers: Why SU-T, SHOP-T, DSG-T and more stocks are seeing action on Wednesday

News Snapshot:

A survey of North American equities heading in both directions On the rise Shares of Descartes Systems Group Inc. (DSG-T) were higher after the Waterloo, Ont.-based software company released better-than-anticipated third-quarter 2023 financial results late Tuesday, benefitting from a turnaround in organic growth. It reported revenue of US$144.7-million, up from US$121.5-million a year ago and exceeding the Street’s expectation of US$144.2-million. Adjusted EBITDA jumped 17 per cent year-over-year to US$63.6-million, also topping the consensus forecast of $62-million. Applauding the release, several equity analysts on the Street raised their forecasts and target prices for Descartes shares. “Overall organic growth rebounded to...