Nvidia, a leading technology company, recently reported its fiscal second-quarter results which saw its gross margin slightly dip. Despite the revenue beat, the stock faced a decline in premarket trade. The stock was down by 4.6% initially, but managed to recover slightly to slide 1.46%. This indicates a lack of investor confidence in the company’s
Earnings
Gap shares were abruptly halted on Thursday morning due to the early release of their quarterly earnings results. The retailer was scheduled to announce its second-quarter earnings after the closing bell on Thursday, but a presentation containing the results appeared on Gap’s website in the morning. This unexpected move caused confusion and speculation among investors,
The CNBC Investing Club with Jim Cramer hosted a “Morning Meeting” livestream, discussing key moments in the market. Despite the S & P 500 advancing by 0.7% on Thursday, tech giant Nvidia experienced a post-earnings decline, causing shares to tumble by 3.5%. While the company beat estimates on both the top and bottom lines, it
MongoDB saw a significant increase in its shares, rising as much as 16% in extended trading following the release of its fiscal second-quarter earnings report. The company reported earnings per share of 70 cents, surpassing the expected 49 cents. Additionally, MongoDB’s revenue reached $478.1 million, exceeding the projected $464.1 million. This growth represents a 13%
American Eagle faced disappointment on Wall Street as it missed sales targets for the second consecutive quarter. However, the company managed to increase its profit by almost 60%, thanks to lower product costs. This news led to a 3% decrease in the company’s shares during early trading. Despite falling short of expectations, American Eagle reported
Salesforce, a leading business software maker, recently reported strong fiscal second-quarter results that surpassed estimates, leading to a 4% increase in the company’s shares during extended trading. The company exceeded expectations on both earnings per share, reporting $2.56 adjusted compared to $2.36 expected, and revenue, generating $9.33 billion versus $9.23 billion predicted by LSEG consensus.
Shares of JD.com, a Chinese online retailer, experienced a 1.2% increase in its Hong Kong-listed shares on Wednesday following the announcement of a $5 billion buyback. This rise in share price contrasted with the decline on the Hang Seng index, showcasing a positive response to the news. On the other hand, U.S. listed shares of
Amazon, known for its dominance in the cloud computing industry through Amazon Web Services (AWS), is now facing the challenge of increasing profitability in its retail business. According to research firm MoffettNathanson, the retail operations of Amazon will need to step up their game as the profitability outlook for AWS eventually levels off. With the
Cava Group, a fast-casual restaurant brand, experienced a significant increase in its share price by nearly 6% after reporting better-than-expected earnings. This positive movement was driven by the company’s profit of 17 cents per share, which surpassed the LSEG estimate by 4 cents. Additionally, Cava’s revenue also exceeded expectations. This demonstrates strong financial performance and
Amid an overbought market, Wall Street saw back-to-back weekly gains last week. This positive momentum was largely driven by the Federal Reserve’s signals of impending interest rate cuts. Fed Chairman Jerome Powell’s speech from Jackson Hole reassured investors by indicating that it was time for policy adjustments, hinting at possible rate cuts in the near