Nvidia disappoints large players

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The world's largest chip company Nvidia has reported higher than expected quarterly earnings and revenue. However, supposedly due to missing gross margin forecast, the stock was sold off in the after-market and pre-market hours. Namely, the larger market participants, not the retail sector, has been disappointed with Nvidia.

In the meantime, some market commentators have expressed the view that the markets had expected the company to beat forecasts by much higher numbers, which is the reason for the stock decline.

The stock is set to start the day's trading with a minor gap down of 3.30%. The day's trading is expected to start near $121.50, compared to Wednesday's close of $125.60.

In regard to the financial results, earnings per share were forecast to show a reading of $0.647, but actual EPS are 5.18% higher at $.068. Total quarterly revenue estimate was $28.737 billion. Actual earnings were $30.04 billion.
Back to articles

Actual Topics

Wed, 04 Sep 2024 09:50:12 GMT

Boeing is downgraded by Wells Fargo

Wells Fargo has downgraded Boeing's stock. The stock has been downgraded to underweight with a price target of $119.00, which is 32% below the current price. The bank has indicated that the bank's income of $10 billion might be delayed by two years. Moreover, Boeing is set to spend $30 billion on the development of a new aeroplane. The news caused

Thu, 22 Aug 2024 09:36:01 GMT

Macy's reduces expectations

This week, on Wednesday, Macy's stock plummeted more than 14.00%. The shares reacted to the company's quarterly financial results. The firm beat its earnings per share by 64.51%. EPS were $0.54 instead of expected $0.32. However, the devil is in the details. The firm did not manage to beat its revenue expectations, as it experienced a bigger than forecast

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.