Estee Lauder Companies saw its shares rise nearly 12% after it was confirmed that merger talks with Puig have ended, allowing the company to refocus on its core operations. Workday's shares jumped 11% following a strong earnings report that exceeded expectations and an upward revision of its full-year margin outlook, coinciding with the return of co-founder Aneel Bhusri as CEO.
Zoom Communications' stock increased by 7% after reporting better-than-expected earnings and revenue, along with a $1 billion increase in its stock repurchase authorization. Ross Stores also experienced a nearly 7% rise in shares after reporting stronger-than-expected quarterly earnings and raising its sales and earnings guidance for the year.
Take-Two Interactive's shares surged 7% after a slight revenue beat and confirmation that Grand Theft Auto VI is on track for a November launch. Deckers Outdoor, known for UGG boots, saw a more than 4% increase in shares after beating Wall Street estimates with earnings of 96 cents per share on revenue of $1.11 billion, also announcing a $3.5 billion share buyback.
Lastly, Perpetua Resources' shares jumped almost 14% after securing a $2.9 billion loan from the U.S. Export-Import Bank to fund its Stibnite Gold project, which is significant for its production of antimony, a critical metal for munitions and semiconductor manufacturing