Stocks Making the Biggest Moves in After-Hours Trading: CAVA, UBER, ROST, WDAY
Customers pick up food to-go from Cava restaurant in Chicago, Illinois, on May 28, 2024.
Scott Olson | Getty Images
Check out the companies that made headlines after the bell rang:
Kava Group — The fast-casual restaurant brand’s shares rose nearly 6% in after-hours trading after reporting better-than-expected earnings. Cava reported earnings of 17 cents per share, 4 cents above LSEG estimates. Sales also beat expectations.
Uber — Shares of the ride-sharing platform fell about 3% along with the company. General Motors‘ Cruise announced a multi-year partnership, with the beleaguered self-driving car company planning to offer driverless rides to Uber riders as early as next year. GM shares rose more than 1% in after-hours trading.
Ross Store — Shares of the off-price retailer rose about 6% in extended trading after earnings rose. Ross reported second-quarter earnings of $1.59 a share, 9 cents more than analysts expected, according to LSEG. Revenue of $5.25 billion was in line with estimates.
Working days — Shares of the cloud company soared more than 11% after the company beat earnings and revenue expectations. The company said it would report $1.96 billion in subscription revenue for the third quarter, below the $1.97 billion that analysts polled by StreetAccount had expected.
Bill Holdings — The cloud-based payments company’s shares rose more than 3% after a stronger-than-expected quarterly report. Bill reported adjusted earnings of 57 cents per share for its fiscal fourth quarter, 11 cents above LSEG estimates. Revenue of $344 million was above expectations of $328 million.
Intuit — Shares of the financial technology platform rose about 3% in extended trading on strong earnings. Intuit earned $1.99 per share, excluding items, on revenue of $3.18 billion. Analysts surveyed by LSEG had expected earnings of $1.84 per share and revenue of $3.08 billion.