Check out the companies making headlines in midday trading. Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the EPS of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor's shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.
85 per share, while analysts polled by FactSet expected $1.92 per share. Toast — Shares of the financial tech company, which specializes in point-of-sale products for restaurants, gained nearly 1%. On Thursday, Wedbush analyst Moshe Katri initiated coverage of Toast with an outperform rating. Katri said Toast could post more than 30% year-over-year gross profit and adjusted EBITDA growth in 2024 and 2025, respectively.
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