Customers pick up food from a Cava restaurant in Chicago, Illinois on May 28, 2024.
Scott Olson |
Check out the businesses making headlines after the market close:
Cava Group — Shares within the fast-casual restaurant brand rose nearly 6% in after-hours trading after delivering a better-than-expected earnings report. Cava reported earnings of 17 cents per share, 4 cents greater than LSEG’s estimate. Revenue also got here in above expectations.
Above — Shares of the ride-sharing platform fell about 3% after the corporate and General MotorsCruise announced a multi-year partnership. The controversial autonomous vehicle company plans to supply driverless rides to Uber users as early as next yr. GM shares rose greater than 1% after the market closed.
Ross Stores — Shares of the discount retailer rose about 6% in prolonged trading after a beat result. Ross reported second-quarter earnings per share of $1.59, 9 cents above analysts’ expectations, in line with LSEG. Revenue of $5.25 billion was in step with estimates.
working day — Shares of the cloud company rose greater than 11% after the corporate’s earnings and revenue beat expectations. The company said its subscription revenue within the third quarter will probably be $1.96 billion, compared with analysts surveyed by StreetAccount who expected $1.97 billion.
Bill Holdings — The cloud-based payments company saw its shares rise greater than 3% following a better-than-expected quarterly report. Bill reported adjusted earnings of 57 cents per share within the fiscal fourth quarter, 11 cents greater than LSEG’s estimate. Revenue of $344 million also beat expectations of $328 million.
Intuitive — Shares of the financial technology platform rose about 3% in prolonged trading, boosted by strong earnings. Intuit reported earnings of $1.99 per share, excluding special items, on revenue of $3.18 billion. Analysts surveyed by LSEG expected earnings per share of $1.84 and revenue of $3.08 billion.
