News Analyst
Here are the stocks that are making notable moves after hours. Intuit — Shares of the financial software company fell nearly 5% despite a better-than-expected earnings report. Intuit reported adjusted earnings per share of $2.50 on revenue of $3.28 billion for its fiscal first quarter. Analysts surveyed by LSEG expected $2.35 per share and $3.14 billion, respectively. The company’s operating profit has been declining year by year. SL Green Realty — Commercial real estate stock fell more than 1% after SL Green announced a $400 million stock sale. The company said it plans to use the proceeds from the sale for general corporate purposes. Gap — The retail stock rose 13% after the company raised its full-year forecast before the holidays. The parent company of Old Navy and other brands said it expects sales to rise between 1.5% and 2% for the fiscal year, a change from previous wording “in slight increase. Gap’s third-quarter results also beat estimates on both revenue and profit. Ross Stores — Shares of the retailer rose nearly 8%. Ross’ third-quarter profit of $1.48 per share was eight cents above analysts’ expectations, according to LSEG. However, sales over the period were lower than expected. Ross reported revenue of $5.07 billion, below the $5.15 billion Wall Street expected. NetApp — The data technology stock jumped 5% after a top- and bottom-line beat last quarter. NetApp reported adjusted earnings of $1.87 per share on revenue of $1.66 billion. Analysts surveyed by LSEG forecast $1.78 per share and $1.65 billion, respectively. Elastic — Shares of the software company rose 20% after second-quarter results beat estimates. Elastic reported adjusted earnings of 59 cents per share on revenue of $365 million. Analysts surveyed by LSEG had expected earnings of 38 cents per share and revenue of $357 million.
https://www.cnbc.com/2024/11/21/stocks-making-the-biggest-moves-after-hours-intu-slg-gap.html
