Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more

📆 23/08/2024 18:11:00
📰 CNBC

⏱ Reading Time:
25 sec. here
20 min. at publisher
📊 Quality Score:
News: 76%
Publisher: 72%

Vaneck Semiconductor ETF News

NVIDIA Corp,Regwall-Marketmovers,CAVA Group Inc

These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of 13 cents and revenue of $220 million.

Goldman Sachs downgraded the stock to neutral from buy after the report, citing guidance around revenue and Bill.com's internal investments. For the quarter, Bill.com reported 57 cents in adjusted earnings per share on $344 million of revenue. Analysts surveyed by LSEG were looking for 46 cents per share on $328 million of revenue. Ross Stores — The off-price retailer's stock price added 1.4% after the company beat earnings estimates by 9 cents a share in the second quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday & moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

10 things to watch in the stock market Friday including big earnings moversCava, Ross Stores and Workday share are all jumping after the companies reported quarterly results.
Source: CNBC - 🏆 12. / 72 Read more »