Ross Stores, Inc. has reported fourth-quarter earnings that have exceeded Wall Street's expectations, marking a positive end to the fiscal year for the retail giant. The company's earnings reached $1.79 per share, surpassing estimates and providing a boost to its stock, which gained approximately 1% in after-hours trading. However, Ross Stores anticipates a challenging first quarter, with same-store sales projected to range from a 3% decline to flat.
ChargePoint Holdings, Inc. also delivered a robust performance, reporting fourth-quarter revenue of $101.9 million, beating FactSet's consensus estimate of $101.6 million. Alongside a narrower-than-expected adjusted net loss, ChargePoint's shares saw an increase of nearly 2% in after-hours trading.
Box, Inc. reported fourth-quarter revenue of $280 million, exceeding Wall Street's consensus of $279 million. Despite this achievement, Box's outlook for the first quarter was less optimistic, with revenue guidance between $274 million and $275 million—below the analysts' expectations of $279.5 million. Consequently, Box's shares took a significant hit, dropping nearly 8%.
AeroVironment, Inc., on the other hand, faced considerable challenges. The company issued weak guidance for its full-year results, forecasting adjusted earnings between $2.92 to $3.13 per share. This falls short of the analysts' target of $3.45 per share and anticipated revenue of $821 million. AeroVironment's fiscal third-quarter results also failed to meet expectations, leading to a sharp 17% decline in its stock value.
CrowdStrike Holdings, Inc. experienced a decline in its stock price as well, with a drop of about 6%. The cybersecurity firm's performance during this period did not meet investor expectations, contributing to the downturn.