Here are the stocks making notable moves after hours. Intuit — Shares of the financial software company fell almost 5% despite an earnings report that beat expectations. Intuit reported $2.50 in adjusted earnings per share on $3.28 billion of revenue for its fiscal first quarter. Analysts surveyed by LSEG had penciled in $2.35 per share on $3.14 billion, respectively. The company’s operating income did decline year over year. SL Green Realty — The commercial real estate stock dipped more than 1% after SL Green announced a $400 million stock sale . The company said it planned to use the proceeds for general corporate purposes. Gap — The retail stock climbed 13% after the company hiked its full-year guidance ahead of the holidays. The parent company of Old Navy and other brands said it expects sales to be up between 1.5% and 2% for the fiscal year, a change from previous wording of “up slightly.” Gap’s third-quarter results also beat estimates on the top and bottom lines. Ross Stores — Shares of the retailer rose nearly 8%. Ross’ fiscal third-quarter earnings of $1.48 per share was eight cents ahead of analysts’ expectations, per LSEG. Sales for the period were weaker than expected, however. Ross reported $5.07 billion in revenue, below the $5.15 billion expected by Wall Street. NetApp — The data technology stock popped 5% after a beat on the top and bottom lines for the latest quarter. NetApp reported adjusted earnings of $1.87 per share on $1.66 billion of revenue. Analysts surveyed by LSEG had projected $1.78 per share on $1.65 billion, respectively. Elastic — Shares of the software firm rose 20% after fiscal second-quarter results beat estimates. Elastic reported adjusted earnings of 59 cents per share on $365 million of revenue. Analysts surveyed by LSEG were looking for earnings of 38 cents per share and revenue of $357 million.
Post Comment