Ross Stores and Intuit Experience Diverging Earnings Reactions

Reported about 18 hours ago

Ross Stores and Intuit both released their quarterly earnings, resulting in significant but opposite stock movements. Ross reported better-than-expected profits despite missing revenue targets due to external factors, prompting a rise in their share price as they increased full-year earnings guidance. Conversely, Intuit's stronger-than-expected earnings report was overshadowed by disappointing future guidance, leading to a decline in their stock price.

Source: YAHOO

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