Customers arrive at Cava restaurant in New York City on June 22, 2023.
Brendan Mcdermid | Reuters
Check out the companies making headlines after the bell:
Cava Group — The fast-casual restaurant brand saw its shares rise 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 LSEG estimates. The company’s revenue also beat expectations.
Uber — Shares of the ride-sharing platform fell about 3% after the company and Automobile Corporation‘ Yacht announced a multi-year partnership. The struggling self-driving car company plans to offer driverless car service to Uber users as early as next year. GM shares rose more than 1% after hours.
Ross Store — Shares of the discount retailer rose about 6% in extended trading after the earnings beat. Ross reported earnings per share of $1.59 for the second quarter, 9 cents above analysts’ expectations, according to LSEG. Revenue was $5.25 billion, matching estimates.
Workday — Shares of the cloud computing company fell more than 6% even after the company’s earnings and revenue beat expectations. Investors may focus on the company’s forecast for subscription revenue in the third quarter, which was $1.96 billion, compared with the $1.97 billion expected by analysts polled by StreetAccount.
Bill Holdings — The cloud-based payments company saw its shares rise more than 3% after reporting a stronger-than-expected quarterly report. Bill posted adjusted earnings of 57 cents per share for its fiscal fourth quarter, or 11 cents above LSEG’s estimate. Revenue of $344 million also beat expectations of $328 million.
Intuition — Shares of the financial technology platform rose about 3% in extended trading, boosted by strong earnings. Intuit reported earnings of $1.99 per share, excluding items, on revenue of $3.18 billion. Analysts polled by LSEG expected earnings of $1.84 per share and revenue of $3.08 billion.
