The US stock market is gearing up for another day of trading, with several companies’ earnings reports driving investor focus.
Intuit Inc. (INTU)
reported better-than-expected results for its fourth quarter and issued strong guidance for fiscal year 2025. The company also approved a new $3 billion share repurchase authorization. Despite the positive news, Intuit shares dipped 0.8% to $660.00 in after-hours trading.
Ross Stores, Inc. (ROST)
announced stronger-than-expected earnings for its second quarter. The company’s outlook for the next two quarters is also promising, with projected earnings of $1.35 to $1.41 per share for the third quarter and $1.60 to $1.67 per share for the fourth quarter, exceeding analyst estimates. This positive news sent Ross Stores shares soaring 5.6% to $161.12 in after-hours trading.
51Talk Online Education Group (COE)
is set to report earnings results for the second quarter before the market opens. 51Talk Online Education shares closed at $14.48 on Thursday, up 9.7%.
Workday, Inc. (WDAY)
posted upbeat earnings for its second quarter, with impressive growth in subscription revenue. The company projects third-quarter subscription revenue of $1.955 billion, representing a 16% increase. Workday also anticipates full-year revenue between $7.7 billion and $7.725 billion. These positive projections led to a significant surge in Workday shares, climbing 10.8% to $256.13 in after-hours trading.
Red Robin Gourmet Burgers (RRGB)
disappointed investors with its second-quarter earnings report. The company reported a quarterly loss of 47 cents per share, missing analyst expectations for a loss of 40 cents per share. Red Robin also lowered its revenue guidance for fiscal year 2024. As a result, Red Robin shares dropped 14% to $4.07 in after-hours trading.Investors will be closely watching how these companies perform in the coming days and weeks, as their earnings reports could provide further insight into the overall health of the US economy and the stock market.
