Earnings

Gap shares were halted on Thursday morning after an early release of the company’s quarterly earnings results. The apparel retailer was supposed to announce its second-quarter earnings after the closing bell on Thursday. However, Bloomberg reported that a presentation displaying the results briefly appeared on Gap’s website in the morning. The earnings were no longer
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Nvidia, a prominent technology company, experienced a decline in its stock price during premarket trading in the United States. Despite reporting impressive revenue growth of over $30 billion in the fiscal second quarter, the company’s gross margin saw a slight decrease. This dip, coupled with the market’s high expectations for Nvidia, led to a 4.6%
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The S & P 500 saw a 0.7% increase despite Nvidia’s post-earnings decline. Although the AI chipmaker beat estimates on both the top and bottom lines, their full-year outlook on gross margins fell short of analysts’ expectations. Jim Cramer referred to this as the “mortal Jensen Huang moment” and advised investors not to rush into
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MongoDB, a prominent database software maker, experienced a significant increase in its shares by as much as 16% during after-hours trading following the release of its fiscal second-quarter financial results. The company exceeded expectations on both fronts, with adjusted earnings per share at 70 cents compared to the anticipated 49 cents, and revenue reaching $478.1
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Salesforce recently reported its fiscal second-quarter results, which exceeded expectations and led to a 4% increase in its share price in extended trading. The company’s earnings per share came in at $2.56 adjusted, surpassing the estimated $2.36, while revenue reached $9.33 billion, outperforming the expected $9.23 billion. This positive performance was attributed to various factors
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The fast-casual restaurant brand, Cava Group, experienced a notable increase in its share price by nearly 6% in after-hours trading following its latest earnings report. The company reported a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue also exceeded expectations. Contrary to Cava Group’s success, shares of
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