Here are some midday trading highlights: Ross Stores’ shares surged nearly 10% following robust first-quarter results. The discount retailer reported earnings of $1.46 per share, surpassing the anticipated $1.35 per share, and $4.86 billion in revenue, beating the expected $4.83 billion. Shares of defense contractor Booz Allen Hamilton swelled by 3.8% due to a successful quarterly revenue and earnings report. The company’s adjusted earnings reached $1.33 per share in its fiscal fourth quarter, surpassing the forecast of $1.23 per share. Revenue was slightly above the expected $2.72 billion, at $2.77 billion. Crypto services firm Coinbase saw a 5% increase in shares after the SEC approved a rule change enabling ether-backed ETFs. Electric vehicle manufacturer Lucid Group saw a decrease of nearly 3% after announcing a restructuring plan involving 400 layoffs. TurboTax parent company Intuit’s shares declined by approximately 8% due to weak fiscal fourth-quarter guidance. Financial tech company Toast’s shares rose nearly 1% following a favourable review from Wedbush analyst Moshe Katri. Enterprise management firm Workday’s shares fell 14% due to lower-than-expected second-quarter subscription revenue guidance. The company’s stock rose about 14% after exceeding Wall Street’s fiscal fourth-quarter sales and profit expectations. Biotech company Guardant Health’s shares jumped over 10% after the FDA advisory committee recommended approval of a new colorectal cancer screening blood test. Reporting was contributed by CNBC’s Jesse Pound, Tanaya Macheel, Alex Harring, and Samantha Subin.
