Check out the companies making headlines in after-hours trading. Intuit — Intuit shares jumped more than 3% on the back of strong first-quarter results. The software company earned $3.34 per share, on an adjusted basis, while analysts polled by FactSet expected $3.09 per share. Revenue came out at $3.89 billion for the period, exceeding the $3.76 billion estimate. Gap — Shares of the clothing retailer rose nearly 6% after Gap’s company-wide third-quarter same-store sales rose 5% — flying past Wall Street’s expectations. The retailer, which beat on top and bottom lines, said sales were helped by its viral “Better in Denim” campaign with Katseye. Gap Chief Executive Richard Dickson told CNBC that it hasn’t needed to discount as often to sell products. Ross Stores — The off-price retailer gained 3% in extended trading after it beat Wall Street’s expectations. Ross Stores earned $1.58 per share on revenue of $5.60 billion, while analysts polled by LSEG expected the retailer would earn $1.41 per share on revenue of $5.42 billion. The company’s chief executive officer said that Ross has seen an “excellent back-to-school season with strong trends that continued through the balance of the quarter.” Elastic — Shares of the data analytics company fell about 12% despite reporting fiscal second-quarter results that outpaced analyst expectations. The company earned 64 cents per share after adjustments on revenue of $423 million. Elastic also raised its revenue forecast to a range of $1.715 billion to $1.721 billion for the fiscal 2026. Veeva Systems — Shares of the cloud-based software company, which works in the life sciences industry, lost more than 5% after market close. Veeva beat analysts’ expectations on top and bottom lines and gave strong guidance for fiscal year 2026. The stock has climbed nearly 29% year to date. Copart — The online vehicle auction platform reported disappointing fiscal first-quarter revenue, leading shares to tumble more than 2%. Revenue came out at $1.16 billion for the period, while analysts polled by FactSet expected $1.18 billion.
Post Comment