Gap, RH, Ulta, Workday: Stocks trending in after hours

Yahoo Finance Live's Seana Smith checks out several stocks trending in the after-hours trading session.

Video Transcript

AKIKO FUJITA: Costco, of course, one of many names moving after hours. Seana, what are we watching right now?

SEANA SMITH: Akiko, we have a couple of other names for you, a mix of gainers and losers here in after-hours trading. Let's kick it off with Gap because we're looking at a gain of just about 16%, following their most recent earnings report here. Upbeat results from the company-- better than expected earnings, margin improvement. Cost-cutting efforts really starting to pay off. Also inventory improvement, certainly a theme that we have heard about this earnings season. Inventory falling 27% on a year over year basis.

Now, all of this overshadowing the losses that we did see in comp sales across all of the brands here, that fell just about 3%, mostly driven by the large drops that we saw in Banana Republic and Athleta. The company also saying that it's still searching for a permanent CEO. We know that has been an issue for shareholders for analysts lately.

Year to date, we're looking at losses of just about 34%. Moving on to RH, another retail play here. That stock off about 3% in extended trading. They cut their full-year margin forecast, saying that a likely have to offer more markdowns as a result of the need to clear some of that inventory that it cannot clear.

That also week ago, we heard from the 13 up filing from Berkshire Hathaway, Warren Buffett's company there, that they did sell their stake in RH. So another problem here for the company here going forward. Year to date, we're looking at losses of just about 5%.

Ulta Beauty, the cosmetic play here, down just about 9% in extended trading. They did temper their margin expectations. That is weighing on the stock in extended trading. Now, in this release, the company did note some of the challenges that they face due to thefts, something that we have also heard from other retailers this earnings season. The company saying that organized retail crime increasingly a challenge here. Year to date, shares are essentially flat.

And rounding out with Workday. That's a big gainer after hours, up just about 8%, a beat on both the top and bottom line. Subscription revenue up 20% on a year over year basis. The company also announcing a new CFO Zane Rowe, formerly the CFO at VMware. This company also was one of these names to mention AI in this earnings release, writing, quote, "We remain committed to innovation and infusing AI across our entire product portfolio." Year to date, we're looking at gains of just about 17%.

AKIKO FUJITA: Got to sprinkle in AI in those calls. Thanks so much for that, Seana.