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Nvidia is set to report its second-quarter earnings after the closing bell on Wednesday.
Dream time
Stock futures rose on Wednesday as Wall Street awaited its earnings
nvidia
And
which dominates the chip production market Used for artificial intelligence projects.
These stocks were poised to make moves on Wednesday:
nvidia
(NVDA) rose 1.6% in pre-market trading. Shares of the chip maker hit an all-time high on Tuesday but ended the session down 2.8%. The stock is up 212% in 2023. Analysts expect that
nvidia
To report second quarter earnings of $2.08 per share on revenue of $11.2 billion. Nvidia’s report is due after Wednesday’s closing bell.
Toll Brothers
TOL reported fiscal third-quarter earnings and revenue that beat analyst expectations and homes delivered in the period rose 5% to 2,524 units. The luxury home builder said he expected Fourth quarter delivery 2,650 to 2,750 homes with an average price of $1.01 million to $1.03 million. Analysts were estimating that 2,618 deliveries had been delivered at an average delivery price of about $987,000. The stock rose 3%.
Sales in the second quarter
Urban Outfitters
(URBN) jumped 7.5% to a record $1.27 billion, beating analysts’ expectations of $1.25 billion. Earnings in the first quarter were $1.10 per share, up from 64 cents a year earlier. CEO Richard A. said in a statement that the “sales strength” in the second quarter has continued so far into the current third quarter. Shares of the retailer rose 6.4%.
AMC Entertainment
(AMC) stock fell 22% in pre-market trading after falling 18% in the previous session. The movie theater chain said Thursday will be the last trading day for AMC Preferred Equity units, also known as APES. The APE units will be converted into common stock and result in one class of AMC common stock trading. AMC also plans a reverse 1-for-10 split of its regular stock on Thursday.
Devil’s Medicine
(APLS) jumped 29% in pre-market trading after the biopharmaceutical company issued an update on the injection kits it provides, an update on rare events of retinal vasculitis reported in treatment with Syfovre eye disease medicine.
named
“A causal relationship has not been established between structural differences in the 19-gauge filter needle and rare events of real-world retinal vasculitis,” he said. The company has recommended that physicians immediately stop using any injection kits that contain a 19-gauge filter needle and instead use kits with an 18-gauge filter needle, which are already being dispensed.
United Parcel Service
(UPS) rose 0.7% after members of the International Muslim Brotherhood agreed to a new five-year contract with the shipping giant.
Earnings reports are expected before the opening bell on Wednesday
analog devices
(ADI),
Bath and Body Works
(BBWI),
Advance auto parts
(AP),
kohl
(KSS),
Peloton Interactive
(PTON) f
foot locker
(Florida)
In addition to Nvidia,
snowflake
(snow) ,
autodesk
(ADSK),
splink
(SPLK) f
NetApp
(NTAP) Earnings reports are scheduled to be released after trading closes.
Write to Joe Woelfel at [email protected]
