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    Home»Business

    Stocks making biggest moves after hours: CAVA, UBER, ROST, WDAY

    AdminBy AdminAugust 22, 2024 Business
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    Stocks making biggest moves after hours: CAVA, UBER, ROST, WDAY

    Customers take out food from a Cava restaurant in Chicago, Illinois, on May 28, 2024.

    Scott Olson | Getty Images

    Check out the companies making headlines after the bell: 

    Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per share, or 4 cents above the LSEG estimate. Its revenue also came in above expectations.

    Uber — Shares of the ride-sharing platform fell about 3% after the company and General Motors‘ Cruise announced a multiyear partnership. The embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. GM shares rose more than 1% after hours.

    Ross Stores — The off-price retailer’s stock surged about 6% in extended trading following an earnings beat. Ross reported earnings per share of $1.59 in the second quarter, 9 cents above analysts’ expectation, according to LSEG. Revenue of $5.25 billion matched the estimate.

    Workday — Shares of the cloud company jumped more than 11% after the firm’s earnings and revenue exceeded expectations. The firm said its subscription revenue for the third quarter will be $1.96 billion, compared to $1.97 billion expected by analysts polled by StreetAccount.

    Bill Holdings — The cloud-based payments company saw shares rising more than 3% after a stronger-than-expected quarterly report. Bill posted adjusted earnings of 57 cents per share in the fiscal fourth quarter, or 11 cents above an LSEG estimate. Revenue of $344 million was also higher than an expectation of $328 million.

    Intuit — The financial technology platform’s shares climbed about 3% in extended trading, boosted by strong earnings. Intuit posted earnings of $1.99 per share, excluding items, on revenue of $3.18 billion. Analysts polled by LSEG expected earnings per share of $1.84 and revenue of $3.08 billion.

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