U.S. stock markets surged slightly on Thursday, helped by a rise in oil prices and energy stocks, and upbeat guidance out of Wal-Mart Stores, Inc. WMT.
After the market closed, Gap Inc GPS posted Q2 EPS of $0.60 on revenue of $3.85 billion, beating the Street’s consensus by $0.01 and $60 million, respectively. However, declining comps and below-consensus EPS guidance drove the stock down 1.24 percent.
Ross Stores, Inc. ROST and Applied Materials, Inc. AMAT were correspondingly up 2.5 percent and 5.1 percent in the after-hours session.
Ross Stores delivered Q2 EPS of $0.71 on revenue of $3.2 billion, $0.04 and $70 million ahead of expectations. Full year guidance mostly above estimates.
For its part, Applied Materials posted record EPS of $0.50 for Q3 ($0.02 above the Street) and all-time high new orders ($3.66 billion) and backlog ($4.95 billion) figures. Revenue of $2.82 billion was up 13.3 percent year-over-year, but still missed expectations by $20 million.
Gramercy Property Trust GPT gained 0.51 percent in after-hours trading, driven by the closure of two acquisitions for a total of $67.8 million. Also impacting on the stock could be the announcement of a shelf offering of 10 million shares, priced at $9.67 per share.
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