After-hours movers: Gap, Ross shares rise after earnings; Intuit bitten by guidance

seekingalpha06:40

izusek Shares of Gap (NYSE:GAP) and Ross Stores (NASDAQ:ROST) each climbed late Thursday, with the former retailer offering an upbeat view of the key shopping season, while a soft forecast from Intuit...

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Ross (ROST) +7.3% as Q3 sales of $5.1B and profitability improved beyond analyst expectations. But CEO Barbara Rentler said it was “disappointed” with the results, noting pressure on its customers with low to moderate incomes. Intuit (INTU) -5.5%, with the midpoints of fiscal Q2 forecasts for adjusted per-share earnings and revenue falling short of expectations. The company behind TurboTax did post fiscal Q1 adjusted earnings of $2.50 that surpassed Wall Street’s projection. Elastic (NYSE:ESTC) +22% as the AI enterprise search company's fiscal Q2 adjusted EPS of $0.59 and revenue topped what analysts had anticipated. 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