Ross Stores saw a modest 1% increase in shares following the release of their fourth-quarter results, which surpassed analysts’ predictions. The discount store chain reported earnings of $1.82 per share on $6.02 billion in revenue, exceeding the expected $1.65 per share on revenue of $5.81 billion, as reported by LSEG (formerly known as Refinitiv).
CrowdStrike witnessed a remarkable 19% surge in its cybersecurity stock after its fourth-quarter earnings exceeded estimates. The company reported earnings of 95 cents per share, outpacing the 82 cents predicted by analysts surveyed by LSEG. Additionally, CrowdStrike’s revenue of $845 million surpassed the estimated $839 million.
Despite Nordstrom surpassing fourth-quarter earnings and revenue expectations, its shares plummeted nearly 10% due to disappointing full-year 2024 guidance provided by the department store chain. Nordstrom indicated that revenue for the upcoming year is anticipated to range from a 2% decline to a 1% gain compared to fiscal 2023.
HashiCorp experienced a 1% increase in its software company shares after surpassing estimates for fourth-quarter earnings and revenue. The company also provided first-quarter revenue guidance that slightly exceeded expectations.
Box witnessed an 8% surge in its cloud storage stock after reporting fourth-quarter revenue that matched analysts’ expectations, as reported by LSEG. Additionally, Box announced a new integration with Microsoft’s Azure OpenAI Service, incorporating large language models.
