Pedestrians pass by a Ross Stores location in San Francisco.
Noah Berger | Bloomberg | Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
Ross Stores – The retailer’s shares rose roughly 2% in expanded trading after posting better-than-expected results for the first quarter of the fiscal year after the bell. According to Refinitiv, Ross reported quarterly earnings of $ 1.34 per share versus $ 0.88 expected. The company also reported sales of $ 4.52 billion, up from analysts’ forecast of $ 3.87 billion. Ross also announced a new $ 1.5 billion share buyback program through fiscal 2022.
Home Depot – The hardware retailer’s stock rose about 0.7% in after-hours trading after the company announced a new $ 20 billion share buyback program. Home Depot also announced that it had decided to pay a cash dividend of $ 1.65 per share in the first quarter. The company cracked its earnings and sales estimates for the first quarter on Tuesday.
Cruise Stocks – Shares in major cruise lines soared after the bell when Carnival announced Thursday afternoon that three of its brands will be sailing again in July. Carnival shares rose 1.6%, Royal Caribbean shares rose 0.9%, and Norwegian Cruise Line shares rose 1.1% in expanded trading. The Covid pandemic decimated the cruise industry with public health restrictions preventing ships from sailing.
Palo Alto Networks – Cybersecurity stock rose nearly 6% in expanded trading after hitting the road on the income statement. Palo Alto reported earnings of $ 1.38 per share, beating analysts’ expectations of $ 1.28 per share. The company also had quarterly revenues of $ 1.07 billion, compared to $ 1.06 billion analysts had expected.