Explore noteworthy changes in the stock market after the close of trading:
Cava Group — The fast-casual restaurant chain saw its stock price rise nearly 6% after hours as its earnings beat projections. Cava’s earnings came in at 17 cents a share, beating LSEG forecasts by 4 cents, with revenue also beating expectations.
Uber — Shares of the ride-sharing giant fell about 3% after announcing a long-term partnership with General Motors’ Cruise for autonomous vehicle services. The partnership aims to introduce driverless ride options to Uber’s service offerings by next year. Meanwhile, General Motors enjoyed a slight boost, with its shares up more than 1% after the listing.
Ross Stores — Shares of the discount retailer rose about 6% after the market closed, boosted by an earnings report that beat forecasts. Ross reported second-quarter earnings of $1.59 per share, which was 9 cents better than analysts expected, according to LSEG data, with revenue in line with forecasts.
Working day — The enterprise cloud provider saw its shares jump more than 11% in after-hours trading following a revenue and earnings report that beat market expectations. Workday forecast its third-quarter subscription revenue to be about $1.96 billion, slightly below the $1.97 billion analysts had forecast.
Bill's Titles — Shares of the cloud-based payment processor rose more than 3% after reporting stronger-than-expected quarterly earnings. Bill reported adjusted earnings of 57 cents per share for its fiscal fourth quarter, beating LSEG forecasts by 11 cents, on revenue of $344 million, above the $328 million forecast.
To intuit — Shares of the financial technology company rose about 3% in extended trading on the back of solid earnings performance. Intuit reported earnings of $1.99 per share, excluding items, on revenue of $3.18 billion, which beat LSEG analysts’ expectations of $1.84 per share and $3.08 billion in revenue.
These movements in after-hours trading reflect dynamic changes and strategic developments within these companies, influencing investor reactions and setting the stage for the next trading day.