Take a look at the companies making headlines in midday trading: Ross Stores — Shares of the discount retailer rose nearly 10% on strong first-quarter results. Ross Stores reported earnings of $1.46 per share on revenue of $4.86 billion, beating the earnings per share of $1.35 and revenue of $4.83 billion expected by analysts polled by LSEG. Booz Allen Hamilton – Shares of the defense contractor gained 3.8% after reporting quarterly revenue and earnings. Booz Allen reported adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts polled by FactSet expected $1.23 per share. Revenue was $2.77 billion, slightly above analysts’ forecast of $2.72 billion. Coinbase — Shares of the crypto services company jumped 5% after the U.S. Securities and Exchange Commission approved a rule change Thursday night that opens up doors to exchange-traded funds that buy and hold ether, the second-largest cryptocurrency. Robinhood added 3.9%. Lucid Group – Shares fell nearly 3% after the electric vehicle maker announced plans to lay off about 400 employees, or 6% of its workforce, as part of a restructuring. Intuit — Shares of the parent company of TurboTax fell about 8% after it reported weaker-than-expected guidance for its fiscal fourth quarter. Intuit’s forecast adjusted earnings from $1.80 per share to $1.85 per share, while analysts polled by FactSet expected earnings per share of $1.92. Toast — Shares of the financial technology company that specializes in restaurant products rose nearly 1%. On Thursday, Wedbush analyst Moshe Katri initiated coverage of Toast with an Overweight rating. Katri said Toast could post more than 30% gross margin and adjusted EBITDA growth in 2024 and 2025, respectively. Workday – Shares of the management company fell 14% after its second-quarter subscription revenue forecast came in slightly below analysts’ estimates. Workday forecast subscription revenue of $1.895 billion, while the consensus was for $1.9 billion in revenue for StreetAccount. Deckers Outdoor — Shares of the Ugg boot maker rose about 14% after the company beat Wall Street’s fiscal fourth-quarter sales and earnings expectations. Deckers reported earnings per share of $4.95 on revenue of $960 million, while analysts polled by LSEG had forecast earnings of $2.89 per share on revenue of $888 million. Guardant Health – Shares of the biotech company rose more than by 10% after a US Food and Drug Administration advisory committee recommended approval of the new blood test. The new Guardant test will help detect colorectal cancer. — CNBC’s Jesse Pound, Tanaya Machil, Alex Harring and Samantha Subin contributed reporting.
