After-hours stock movers: Cava, Uber, Ross Stores, Workday and others
Check out the companies making headlines after the bell:
Following a better-than-expected earnings report, Cava's shares climbed nearly 6% in after-hours trading. The restaurant brand posted a profit of 17 cents per share, which was 4 cents above the LSEG estimate. Additionally, its revenue came in above expectations.
After Cruise announced a multiyear partnership with Uber, shares of the ride-sharing platform fell about 3%. Meanwhile, GM shares rose more than 1% after hours.
Following an earnings beat, the off-price retailer's stock increased by approximately 6% in extended trading. Ross reported earnings per share of $1.59 in the second quarter, which was 9 cents above analysts' expectations, according to LSEG. The revenue of $5.25 billion was also in line with the estimate.
Despite the company's earnings and revenue surpassing expectations, its cloud shares dropped over 6%. Investors may be concerned about the firm's third-quarter subscription revenue forecast, which is at $1.96 billion, lower than the $1.97 billion expected by analysts surveyed by StreetAccount.
The cloud-based payments company experienced a more than 3% increase in shares following a stronger-than-anticipated quarterly report. The company posted adjusted earnings of 57 cents per share in the fiscal fourth quarter, which was 11 cents above the LSEG estimate. Additionally, revenue of $344 million was higher than the expected $328 million.
Intuit's financial technology platform shares increased by approximately 3% in extended trading due to strong earnings. The company reported earnings of $1.99 per share, excluding items, on revenue of $3.18 billion. Analysts predicted earnings per share of $1.84 and revenue of $3.08 billion.
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