Ross Stores Rises 6% After Revised Annual Profit; Workday Surges 12% on Strong Results, More on Earnings
23 Agosto 2024 - 9:20AM
IH Market News
Ross Stores (NASDAQ:ROST) – The discount
apparel retailer beat expectations with adjusted earnings of $1.59
per share, above the expected $1.50. Revenue grew 7% to $5.3
billion, surpassing the forecast of $5.25 billion. Same-store sales
increased by 4%, compared to analysts’ expectation of a 2.9%
increase. The company raised its annual earnings forecast to
between $6 and $6.13 per share. Shares rose 5.5% in pre-market
trading.
Workday (NASDAQ:WDAY) – The cloud-based
enterprise management software company beat expectations with
adjusted earnings of $1.75 per share, above the expected $1.65, and
net income of $132 million. Revenue rose to $2.09 billion,
surpassing the forecast of $2.07 billion. The company projects
subscription revenue growth of 15% for fiscal years 2026 and 2027
and an increase in the adjusted operating margin to 30%. Shares
rose 11.6% in pre-market trading.
Intuit (NASDAQ:INTU) – The financial and
accounting software company reported fourth-quarter earnings per
share of $1.99, beating the estimate of $1.85. Revenue was $3.18
billion, above the expected $3.08 billion. For 2025, the company
projects earnings per share of $19.16 to $19.36 and revenue between
$18.16 billion and $18.35 billion, while analysts projected EPS of
$19.15 and revenue of $18.18 billion.
American Software (NASDAQ:AMSWA) – The
enterprise and supply chain software company reported net income of
$2.1 million in the first fiscal quarter, with earnings per share
of $0.06. Adjusted, earnings were $0.12 per share. Revenue reached
$26.2 million. The company projects annual revenue between $104
million and $108 million.
Red Robin (NASDAQ:RRGB) – The burger restaurant
chain reported an adjusted loss of $0.47 per share in the second
quarter, larger than the expected $0.42. Revenue was $300.2
million, slightly above the expected $294.37 million. Comparable
sales fell 0.8%, excluding a benefit related to the loyalty
program. The company lowered its adjusted EBITDA forecast to $40-45
million. Shares fell 16.3% in pre-market trading.
CAVA (NYSE:CAVA) – The Mediterranean restaurant
chain beat second-quarter expectations with earnings per share of
$0.17 and revenue of $233 million, while analysts tracked by LSEG
expected $0.13 and $220 million. Revenue increased by 35%, and net
income was $19.7 million. Same-store sales grew 14.4%. The company
raised its annual sales growth forecast to 8.5%-9.5% and now
expects to open 54-57 new restaurants in 2024. Shares rose 9.8% in
pre-market trading.
Bill.com (NYSE:BILL) – The enterprise financial
automation platform exceeded fourth-quarter expectations with
adjusted earnings of $0.57 per share and revenue of $343.7 million,
while Wall Street expected EPS of $0.46 and revenue of $328.06
million. The company projects first-quarter revenue of $346-351
million, above estimates. However, the annual EPS forecast of
$1.36-1.61 fell below the expected $2.23. Shares rose 5.8% in
pre-market trading.
Macro Bank (NYSE:BMA) – The Argentine private
equity bank reported a loss of $264.1 million in the second
quarter, equivalent to -$4.01 per share, after a profit in the same
period last year. Revenue was $1.03 billion, with net interest
income of $538.7 million, beating forecasts.
Red Robin Gourmet Burgers (NASDAQ:RRGB)
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