Nvidia is riding a number of tailwinds right now, including strong pricing power thanks to high demand for its chips and a tight supply that's helping the company command gross profit margins of over 70%. That could all change, according to one analyst, who has highlighted a sign that...
Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.Nvidia shares fell 8% in extended trading.Here is how the company did versus LSEG consensus expectations:Earnings per share: 68 cents adjusted vs. 64 cents expectedRevenue: $30.04 billion vs. $28.7 billion expectedNvidia...
Jaque Silva | Lightrocket | Getty ImagesAffirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.Here's how the company did, compared to analysts' consensus estimates from LSEG.Loss per share: 14 cents adjusted vs....
Check out the companies making headlines in extended trading. Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded...
New York Yankees captain Aaron Judge.Erick W. Rasco | Sports Illustrated | Getty ImagesGotham Advanced Media and Entertainment, the joint venture between MSG Networks and the YES Network, is launching a new bundled app in the fall that will air local games for seven New York area teams.The package...
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares rose 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance...
Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland on Jan. 18, 2024.Fabrice Coffrini | AFP | Getty ImagesSalesforce shares rose about 1.5% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised...
Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well-placed. Various indicators are pointing to a labor market that, if not in outright...
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesFord Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives.The...