In extended trading, several companies made headlines with their financial results. Ross Stores, a discount clothing store, saw its shares rise by 7% after reporting first quarter earnings of $1.46 per share on revenue of $4.86 billion. This exceeded analysts’ expectations of $1.35 per share and $4.83 billion in revenue. Workday, an enterprise management company, experienced a 10% pullback as its subscription revenue guidance fell short of Wall Street estimates. Intuit, the owner of TurboTax, fell 7% due to soft guidance for the current quarter. Despite beating expectations in the fiscal third quarter, Intuit’s forecasted adjusted earnings of $1.80 to $1.85 per share for the fourth quarter were below analysts’ predictions of $1.92 per share. Deckers Outdoor, a footwear company, saw its shares surge over 7% after reported earnings of $4.95 per share on revenue of $960 million, surpassing Wall Street estimates of $2.89 per share and $888 million in revenue.
Ross Stores’ strong performance in the first quarter led to a 7% increase in its stock price, as the company reported earnings and revenue that exceeded analysts’ expectations. Workday, on the other hand, experienced a 10% pullback after its subscription revenue guidance for the second quarter missed Wall Street estimates. Despite this setback, Deckers Outdoor saw a surge in its shares of over 7% after surpassing Wall Street estimates on both the top and bottom lines in the fiscal fourth quarter. Intuit, however, fell 7% due to soft guidance for the current quarter, with its forecasted adjusted earnings below analysts’ predictions.
Ross Stores’ success in the first quarter was driven by strong earnings and revenue, leading to a 7% increase in its stock price. Meanwhile, Workday’s stock price pulled back by 10% after its subscription revenue guidance for the second quarter fell short of Wall Street estimates. Intuit, the owner of TurboTax, faced a 7% decline in its stock price due to soft guidance for the current quarter, even though it beat expectations in the fiscal third quarter. On the other hand, Deckers Outdoor saw its shares surge over 7% after reporting earnings and revenue that surpassed Wall Street estimates in the fiscal fourth quarter.
Ross Stores reported first quarter earnings of $1.46 per share on revenue of $4.86 billion, beating analysts’ expectations of $1.35 per share and $4.83 billion in revenue. Workday, however, saw a 10% drop in its stock price after its subscription revenue guidance for the second quarter missed Wall Street estimates. Intuit’s stock price fell by 7% due to soft guidance for the current quarter, despite exceeding expectations in the fiscal third quarter. In contrast, Deckers Outdoor’s shares surged over 7% after reporting earnings of $4.95 per share on revenue of $960 million, surpassing Wall Street estimates of $2.89 per share and $888 million in revenue.
Overall, several companies made headlines in extended trading with their financial results. Ross Stores, Workday, Intuit, and Deckers Outdoor all saw significant movements in their stock prices based on their earnings reports. While Ross Stores and Deckers Outdoor experienced stock price increases due to surpassing expectations, Workday and Intuit faced declines after falling short of Wall Street estimates. Investors will continue to monitor these companies as they navigate the challenges and opportunities in the market.
