The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s post-earnings decline. Even though the AI chipmaker outperformed estimates on both revenue and profit, the stock dropped 3.5% due to lower-than-expected full-year outlook on gross margins. Jim Cramer pointed out that Nvidia’s CEO, Jensen Huang, fell short of analysts’ high expectations. He
Earnings
MongoDB has recently announced impressive fiscal second-quarter earnings, causing a significant increase in their share value. The company exceeded LSEG consensus expectations in both earnings per share and revenue. With earnings per share coming in at 70 cents adjusted versus the expected 49 cents, and revenue totaling $478.1 million compared to the anticipated $464.1 million,
American Eagle missed Wall Street’s sales targets for the second quarter in a row, but managed to grow its profit by nearly 60%. The company reported a net income of $77.3 million, or 39 cents per share, up significantly from $48.6 million, or 25 cents per share, a year earlier. Sales rose to $1.29 billion,
Salesforce, a business software maker, recently announced its robust fiscal second-quarter results, which exceeded estimates and led to a 4% increase in its shares during extended trading. The company reported earnings per share of $2.56, higher than the expected $2.36, and revenue of $9.33 billion, surpassing the estimated $9.23 billion. This 8% year-over-year revenue growth
Shares of Chinese online retailer JD.com experienced a 1.2% increase in Hong Kong-listed shares following the announcement of a $5 billion buyback. This positive trend contrasted with the decline on the Hang Seng index, where the benchmark was down about 0.82% on the same day. Meanwhile, the company’s U.S. listed shares rose by 2.24% after
In a recent note to investors, research firm MoffettNathanson highlighted the need for Amazon to boost profitability in its retail business. With the AWS cloud unit currently contributing a significant portion of the company’s profits, there is pressure on the retail operations to step up and fill the gap as the cloud unit’s growth potential
The fast-casual restaurant brand, Cava Group, saw a significant increase in its share price by almost 6% following a positive earnings report. The company exceeded expectations by reporting a profit of 17 cents per share, which was 4 cents higher than what was estimated by LSEG. Additionally, their revenue also surpassed expectations. Uber On the
After experiencing back-to-back weekly gains, Wall Street is gearing up for an important week. With Nvidia earnings on the horizon and the Federal Reserve’s favorite inflation gauge to be released, investors are eagerly awaiting the outcome. Last week, the S & P 500 and Nasdaq showed resilience by bouncing back from losses on Thursday and
Bavarian Nordic, a Danish biotech company, saw a significant surge in its stock price by 13% following the release of its second-quarter earnings report. The company reported revenues of 1.43 billion Danish krone ($213 million) and an operating profit of 420 million krone, outperforming analyst expectations. This positive financial performance was reflected in the sharp
Lowe’s recent announcement of cutting its full-year forecast due to a decline in quarterly sales is a concerning development. The company now projects weaker home improvement spending in the second half of the year, which has led to a reduced total sales projection. The new forecast ranges between $82.7 billion and $83.2 billion, down from