After-Hours Movers Thursday

CNBC reported Thursday that a broad cluster of companies generated sharp after-hours moves, led by Workday surging roughly 11% following a strong quarterly report.

Workday and Zoom Post Standout After-Hours Gains

Workday’s results topped analyst expectations on both earnings and revenue. The enterprise software provider also raised its full-year margin outlook. The quarter also marked the return of co-founder Aneel Bhusri to the chief executive role.

Zoom Communications climbed around 7% after reporting better-than-expected earnings and revenue. The company added momentum by expanding its stock repurchase program by $1 billion. Investors treated both reports as clear votes of confidence in the firms.

Retail and Gaming Names Join the Rally

Ross Stores gained nearly 7% after beating profit estimates for the quarter. The discount retailer also lifted its comparable-sales forecast and raised full-year earnings guidance, signaling durability despite a choppy consumer environment.

Take-Two Interactive rose 7% after a modest revenue beat. The bigger catalyst for investors was confirmation that Grand Theft Auto VI remains on schedule for a November release, easing concerns about a potential delay.

Deckers Outdoor, the company behind the UGG brand, added more than 4% after fiscal fourth-quarter results cleared Wall Street’s bar. Earnings came in at 96 cents per share on $1.11 billion in revenue, ahead of consensus estimates. UGG-specific revenue hit $409 million, well above the $376 million street estimate. Deckers also authorized a $3.5 billion increase to its share repurchase program.

Background: A Busy Earnings Season for Consumer and Tech Names

The Thursday session follows weeks of mixed signals from corporate America. Consumer-facing companies have largely held up, while enterprise software firms have benefited from steady demand for workforce and financial management tools. The back half of the earnings calendar has tilted more positive than many analysts anticipated heading into the spring reporting season.

Estee Lauder and Perpetua Round Out the Moves

Estee Lauder shares surged nearly 12% after the cosmetics giant and Spanish fashion group Puig jointly confirmed they had walked away from merger discussions. The market appeared to welcome the news as a relief for shareholders concerned about deal complexity.

Mining company Perpetua Resources jumped close to 14% after securing a $2.9 billion loan from the U.S. Export-Import Bank. The funds will back its Stibnite Gold project in Idaho, which is expected to produce antimony alongside gold. Antimony is used in munitions and semiconductor manufacturing.

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