Check out the companies making headlines after hours on Thursday:
Ross Stores — Shares of the discount retailer rose about 0.5% in after-hours trading on the back of a surprise profit and better-than-expected revenues. Ross posted a profit of 6 cents per share, which includes a benefit of 19 cents per share, and revenue of $2.68 billion for the first quarter. Analysts polled by FactSet expected a loss of 28 cents per share n revenue of $2.51 billion. However, CEO Barbara Rentler said: “There remains significant uncertainty on how the pandemic will continue to evolve and affect consumer demand and the economy, and the potential exists for additional government mandated shutdowns.” Read more…..
Chart of the Day
Payne Capital Management President Ryan Payne joins Yahoo Finance’s Zack Guzman to break down the latest market outlook as more states loosen restrictions.