Here’s a look at the companies making headlines in midday trading: Ross Stores — The discount retailer’s shares are up nearly 10% on the back of strong first-quarter results. Ross Stores reported earnings of $1.46 per share on revenue of $4.86 billion. That beat analysts’ expectations polled by London Stock Exchange Group (LSEG) for earnings of $1.35 a share and revenue of $4.83 billion. Booz Allen Hamilton — Shares of the defense contractor rose 3.8% after beating quarterly revenue and profit estimates. Booz Allen reported fourth-quarter adjusted earnings of $1.33 per share, while analysts polled by FactSet expected earnings of $1.23 per share. Revenue was $2.77 billion, slightly above analysts’ forecasts of $2.72 billion. Coinbase — Shares of the crypto services company rose 5% after the U.S. Securities and Exchange Commission late Thursday approved a rule change that opens the door for exchange-traded funds to buy and hold ethereum, the second-largest cryptocurrency. Robinhood shares rose 3.9%. Lucid Group — The electric car maker announced plans to lay off about 400 employees, or 6% of its workforce, as part of a restructuring effort, sending its shares down nearly 3%. Intuit — TurboTax parent company’s stock price fell about 8% after the company reported weaker-than-expected fourth-quarter guidance. Intuit forecast adjusted earnings of $1.80 to $1.85 per share, while analysts polled by FactSet expected earnings of $1.92 per share. Toast — Shares of Toast, a fintech company that specializes in point-of-sale products for restaurants, rose nearly 1%. Wedbush analyst Moshe Katri initiated an outperform rating on Toast on Thursday. Katri said Toast’s gross profit and adjusted EBITDA could grow by more than 30% annually by 2024 and 2025, respectively. Workday — The business management company’s second-quarter subscription revenue guidance came in slightly below analysts’ expectations, sending its shares down 14%. According to StreetAccount, Workday forecast subscription revenue of $1.895 billion, compared with the consensus forecast of $1.9 billion. Deckers Outdoor – Shares of the Uggs maker rose about 14% after its fiscal fourth-quarter sales and profit topped Wall Street expectations. Deckers reported earnings of $4.95 per share on revenue of $960 million, while analysts polled by LSEG expected earnings of $2.89 per share on revenue of $888 million. Guardant Health — Shares of the biotech company rose more than 10% after an advisory committee to the U.S. Food and Drug Administration recommended approval of a new blood test. New Guardant test will help screen for colorectal cancer. —CNBC’s Jesse Pond, Tanaya Machel, Alex Harlin and Samantha Subin contributed reporting.
