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Nvidia reported revenue in the second quarter of $13.5 billion, far exceeding estimates of $11.2 billion.
Courtesy of Nvidia
Stock futures traded higher on Thursday, with futures for
Nasdaq Composite
rose more than 1% after better-than-expected second-quarter earnings
nvidia
.
These stocks were poised to make moves on Thursday:
nvidia
NVDA shares rose 7.8% in premarket trading after the graphics chip maker reported second-quarter revenue of $13.5 billion, beating estimates of $11.2 billion. Data center revenue increased 141% to $10.32 billion. And adjusted earnings of $2.70 per share easily beat expectations of $2.08.
nvidia
It said it expected third-quarter revenue of $16 billion at the middle of its range, well above the analyst consensus of $12.6 billion. CEO Jensen Huang credited the strong results to a significant shift towards the adoption of artificial intelligence.
snowflake
(SNOW) earned 25 cents a share on an adjusted basis in the second quarter, above expectations of 10 cents, while revenue of $674 million rose 36% and also beat estimates. Product revenue for the period was $640.2 million. For the third fiscal quarter
snowflake
It said it expected product revenue to be in the range of $670 million to $675 million, versus a forecast of $675 million. The company maintained its forecast for product revenue for the fiscal year of $2.6 billion. Snowflake shares rose 3.7%.
Splunk (SPLK) reported second-quarter adjusted earnings of 71 cents a share, easily beating analyst estimates. Revenue in the period increased 14% to $910.6 million, while cloud revenue jumped 29% to $445 million.
Splunk
It said it expects third-quarter results to range between $1.02 billion and $1.035 billion, beating analysts’ estimates of $982 million. Shares of the software company rose 14%.
autodesk
(ADSK) adjusted earnings and revenue for the second quarter beat Wall Street expectations. The software company’s stock rose 6.1%. they entered the session,
autodesk
It’s up 9% this year.
Boeing
(BA) was down 2% in pre-market trading. the supplier
Soul Aviation Systems
It said it was aware of a quality problem with some of the 737 fuselage models it manufactures but would continue to deliver units to
Boeing
.
Aviation giant Boeing said the problem “will affect 737 deliveries in the near term as we conduct inspections to determine the number of affected aircraft and complete the required modifications to those aircraft.” Boeing said it will continue to deliver the 737s that were not affected.
Soul Aviation Systems
Shares fell 6%.
United States Steel
(X) fell 2.4% after Esmark, a steel service center that was one of the bidders competing for the steelmaker, declined. He dropped out of the race. Esmark has ended its $35 cash offer
United States Steel
,
With the decision affected by United Steel Workers’ support for a tender offer
Cleveland Cliffs
(CLF).
AMC Entertainment
(AMC) was down 5.7% in premarket trading. The movie theater chain’s reverse stock split, 10-to-1, takes effect Thursday.
Nike
(NKE) rose 0.4% in pre-market trading. Shares of the sportswear giant fell 2.7% on Wednesday, extending the stock’s losing streak to 10 sessions.
Guess
(GES) jumped 16% after the retailer’s adjusted second-quarter earnings beat analyst expectations and revenue rose 3% to $664.5 million, also above expectations. The company said it expects third-quarter revenue to increase between 2.5% and 4.5%.
Earnings reports are expected on Thursday
gut instinct
(You and),
a work day
(daily),
Marvell technology
(flattering),
dollar tree
(delter),
Ulta Beauty
(ulta),
Confirms
(chop)
gap
(GPS), and
Nordstrom
(John).
Write to Joe Woelfel at [email protected]
(tags for translation)Primary metals
