Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per share of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor’s shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts surveyed by FactSet expected $1.23 per share. Revenue came out at $2.77 billion, slightly higher than analysts’ forecast of $2.72 billion. Coinbase — Shares of the crypto services firm jumped 5% after the U.S. Securities and Exchange Commission approved a rule change Thursday evening that opens the doors to exchange-traded funds that buy and hold ether, the second-largest cryptocurrency. Robinhood gained 3.9%. Lucid Group — The stock dipped almost 3% after the electric vehicle maker announced plans to lay off about 400 employees, or 6% of its workforce, as part of a restructuring effort. Intuit — Shares of the TurboTax parent company fell about 8% after it reported weaker-than-expected fiscal fourth-quarter guidance . Intuit forecast adjusted earnings of $1.80 per share to $1.85 per share, while analysts …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per share of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor’s shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts surveyed by FactSet expected $1.23 per share. Revenue came out at $2.77 billion, slightly higher than analysts’ forecast of $2.72 billion. Coinbase — Shares of the crypto services firm jumped 5% after the U.S. Securities and Exchange Commission approved a rule change Thursday evening that opens the doors to exchange-traded funds that buy and hold ether, the second-largest cryptocurrency. Robinhood gained 3.9%. Lucid Group — The stock dipped almost 3% after the electric vehicle maker announced plans to lay off about 400 employees, or 6% of its workforce, as part of a restructuring effort. Intuit — Shares of the TurboTax parent company fell about 8% after it reported weaker-than-expected fiscal fourth-quarter guidance . Intuit forecast adjusted earnings of $1.80 per share to $1.85 per share, while analysts …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
