Several companies were making headlines in extended trading, including Ross Stores, which saw a 7% jump in its stock price after reporting first quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts had anticipated earnings of $1.35 per share and revenue of $4.83 billion. Workday, an enterprise management company, experienced a 10% pullback 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. Intuit, the owner of TurboTax, saw a 7% decline in its stock price due to soft guidance for the current quarter. Intuit’s fiscal fourth-quarter adjusted earnings are forecasted to be between $1.80 and $1.85 per share, lower than the $1.92 per share predicted by analysts. However, the company’s fiscal-third quarter results exceeded expectations on both the top and bottom lines.
Deckers Outdoor also made waves in extended trading as its shares surged more than 7% after the footwear company beat Wall Street estimates in the fiscal fourth quarter. Deckers reported earnings of $4.95 per share on revenue of $960 million, exceeding analysts’ forecasts of $2.89 per share and $888 million in revenue. Overall, the company performed well and exceeded expectations on both the top and bottom lines. The strong performance of Deckers Outdoor contributed to the positive sentiment in extended trading.
The market reacted positively to Ross Stores’ first quarter earnings report, with the discount clothing store’s stock price jumping 7% after reporting strong earnings and revenue figures. The company exceeded analysts’ expectations, reporting earnings of $1.46 per share on revenue of $4.86 billion, compared to the anticipated earnings of $1.35 per share and revenue of $4.83 billion. This positive performance reflects the resilience of Ross Stores in a challenging retail environment.
On the other hand, Workday experienced a pullback in its stock price after providing subscription revenue guidance for the second quarter that missed Wall Street estimates. The enterprise management company’s forecast of $1.895 billion in subscription revenue fell short of the consensus forecast of $1.9 billion, leading to a 10% decline in its stock price. Despite this setback, Workday remains a key player in the enterprise management sector and continues to provide valuable solutions to businesses.
Intuit, the owner of TurboTax, faced a 7% drop in its stock price due to soft guidance for the current quarter. The company’s fiscal fourth-quarter adjusted earnings are projected to be between $1.80 and $1.85 per share, lower than the $1.92 per share predicted by analysts. However, Intuit’s fiscal-third quarter results exceeded expectations on both the top and bottom lines, indicating its ability to navigate challenges and deliver strong performance in the long run.
In summary, the companies making headlines in extended trading exhibited a mix of positive and negative reactions from the market. While Ross Stores and Deckers Outdoor saw increases in their stock prices after reporting strong earnings results, Workday and Intuit faced challenges with their revenue guidance. Overall, these companies remain key players in their respective sectors and continue to navigate market dynamics to deliver value to shareholders.
