Ross Stores Posts Earnings Surprise—Shares Rise 2.5% After Hours
Ross Stores Inc. delivered a strong Q3 earnings beat, with revenue and EPS surpassing forecasts, driving shares up 2.5% in after-hours trading as value shopping trends boost performance.
Home Depot shares fell over 3% in pre-market trading after the US home improvement giant issued full-year guidance that missed Wall Street expectations, citing ongoing consumer uncertainty and housing market pressures.
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Home Depot Shares Drop 3% in Pre-Market Trading After Guidance Misses Expectations
Home Depot shares fell over 3% in pre-market trading after the US home improvement giant issued full-year guidance that missed Wall Street expectations, citing ongoing consumer uncertainty and housing market pressures.
Home Depot is expected to report its third consecutive quarter of US comparable sales growth, with Q2 earnings seen as a key indicator of a potential housing market recovery. Analysts forecast a 1.4% year-on-year rise in comparable sales and a 5% increase in revenue, while shares have rallied on rate cut hopes.
#YonhapInfomax #HomeDepot #Q2Earnings #ComparableSales #HousingMarket #RevenueGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=77684
Ulta Beauty Surges 13% as Q1 Results Beat Estimates, Annual Guidance Raised
Ulta Beauty shares soared 13% after the U.S. beauty retailer beat Q1 earnings estimates and raised its annual guidance, driven by resilient consumer demand for beauty products.
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