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Biggest stock movers after hours: Ross Stores, Intuit, Workday, and others

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Several companies made headlines in extended trading, including Ross Stores, which saw a 7% jump in shares after reporting first quarter earnings that beat analysts’ expectations. The discount clothing store reported earnings of $1.46 per share on revenue of $4.86 billion, surpassing the anticipated $1.35 per share and $4.83 billion in revenue.

Workday, an enterprise management company, experienced a 10% decline in shares after its subscription revenue guidance fell short of Wall Street estimates. The company expects second-quarter subscription revenue of $1.895 billion, below the consensus forecast of $1.9 billion. Despite this, Workday remains a key player in the industry.

Intuit, the owner of TurboTax, saw a 7% drop in shares due to soft guidance for the current quarter. The company’s fiscal fourth-quarter adjusted earnings are expected to be between $1.80 and $1.85 per share, lower than the predicted $1.92 per share by analysts. However, their fiscal-third quarter results exceeded expectations on both the top and bottom lines.

Deckers Outdoor, a footwear company, experienced a surge of more than 7% in shares after beating Wall Street estimates in the fiscal fourth quarter. The company reported earnings of $4.95 per share on revenue of $960 million, surpassing analysts’ forecasts of $2.89 per share and $888 million in revenue. This strong performance has solidified Deckers’ position in the industry.

In conclusion, these companies have shown mixed results in extended trading, with some exceeding expectations and others falling short. It is essential for investors to closely monitor guidance and earnings reports to make informed decisions. Despite the fluctuations in stock prices, these companies remain strong players in their respective industries and continue to provide value to shareholders.

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