Let’s check out the companies that are becoming a hot topic for after-hours trading. Intuit — Intuit stock rose more than 3% on the back of strong first-quarter results. On an adjusted basis, the company had earnings of $3.34 per share, compared with analyst estimates compiled by FactSet of $3.09 per share. Revenue for the period was $3.89 billion, exceeding expectations of $3.76 billion. Gap — The clothing retailer’s stock rose nearly 6% after Gap’s third-quarter companywide same-store sales rose 5%, well above Wall Street expectations. The retailer, which posted higher sales and bottom line profits, said its viral “Better Denim” campaign with Katseye contributed to sales. Gap CEO Richard Dixon told CNBC that the company no longer needs frequent discounts to sell its products. Ross Stores — The off-price retailer beat Wall Street expectations, posting a 3% gain in after-hours trading. Ross Stores had earnings of $1.58 per share on sales of $5.6 billion, while analysts compiled by LSEG expected Ross Stores to post earnings of $1.41 per share on sales of $5.42 billion. The company’s CEO said Ross had a “great back-to-school season with positive trends that continued throughout the quarter.” Elastic — Shares of the data analytics company fell about 12% despite reporting second-quarter results that beat analysts’ expectations. The company’s adjusted earnings were $423 million, or 64 cents per share. Elastic also raised its fiscal 2026 revenue forecast to a range of $1.715 billion to $1.721 billion. Veeva Systems — Shares of the cloud-based software company operating in the life sciences industry fell more than 5% after market close. Veeva beat analyst expectations on revenue and bottom line and gave a strong outlook for fiscal 2026. The stock is up nearly 29% year-to-date. Copart — The online car auction platform reported disappointing first-quarter earnings, sending its stock price down more than 2%. Revenue for the period was announced at $1.16 billion, compared to analysts’ estimates compiled by FactSet of $1.18 billion.
