22 minutes ago
Stock market moves significantly in after-hours trading
Let’s take a look at some companies that are garnering attention in extended trading.
- Ross Stores – Shares of the discount clothing retailer rose 7%. Ross Stores reported first-quarter earnings of $1.46 per share on revenue of $4.86 billion. Analysts surveyed by LSEG were expecting earnings of $1.35 per share and revenue of $4.83 billion.
- Workday — Shares of the enterprise management company fell 10% after the company’s subscription revenue guidance fell short of Wall Street expectations. Workday now expects second-quarter subscription revenue guidance of $1.895 billion, compared to the consensus estimate of $1.9 billion, according to StreetAccount.
- Intuit – The parent company of TurboTax saw its shares fall 7% after it gave a soft outlook for the current quarter. Intuit expected fourth-quarter adjusted earnings of $1.80 to $1.85 per share, compared with analysts surveyed by FactSet’s forecast of $1.92 per share. But its third-quarter results beat market expectations on both revenue and profit.
See the complete list here.
Brian Evans
23 minutes ago
Coinbase surges in after-hours trading as SEC opens door to Ethereum ETF
Coinbase rose 5% in after-hours trading after the U.S. Securities and Exchange Commission approved rule changes that pave the way for an ETF that buys and holds Ethereum. Robinhood rose 2%.
While both companies offer cryptocurrency trading, Coinbase may stand to gain more from the introduction of Ethereum ETFs as it offers other crypto services such as custody and staking, as well as a wider selection of tradable assets. Coinbase also operates a blockchain called Base, which is built on the Ethereum network.
Ethereum prices were up just 2% on Thursday evening, after rising more than 20% in two days earlier this week on investor optimism over the SEC decision and now on track for its strongest week in more than a year.
Read more about how an Ethereum ETF could benefit Coinbase on CNBC Pro.
— Tanaya Maciel and Jesse Pound
43 minutes ago
Stock futures were little changed on Thursday
Stock futures were little changed on Thursday as all three major indexes ended regular trading lower, with the Dow Jones Industrial Average posting its worst close since March 2023.
Futures for the 30-stock Dow Jones Industrial Average fell 4 points, or 0.01%, while S&P 500 futures rose 0.03% and Nasdaq 100 futures fell 0.05%.
Brian Evans
