Stock Market Reacts to Recent Earnings Reports from Major Companies

One sentence summary – This article provides a comprehensive overview of recent earnings reports and stock movements for various companies, offering detailed information on market trends and factors influencing stock prices.

At a glance

  • Nvidia’s stock reached a record high after reporting strong earnings from its data center business.
  • AMD and Marvell Technology saw their stock prices decline following Nvidia’s earnings report.
  • Taiwan Semiconductor, AMD, and Marvell initially saw their stock prices increase after Nvidia’s earnings beat.
  • Boeing’s stock dropped after announcing delays in 737 Max deliveries due to manufacturing flaws.
  • Dollar Tree’s stock declined after issuing lower-than-expected third-quarter guidance.

The details

Recent earnings reports from major companies have significantly impacted the stock market.

Nvidia’s stock reached a record high after reporting strong earnings, driven by its data center business.

However, AMD and Marvell Technology saw their stock prices decline following Nvidia’s earnings report.

Nvidia shares increased by nearly 9% after reporting second-quarter results.

The company earned $2.70 per share on $13.51 billion in revenue, surpassing analyst expectations.

The strong performance was driven by the data center business, contributing to the record high stock price.

AMD and Marvell stocks were higher following Nvidia’s earnings beat.

Taiwan Semiconductor shares increased by 3%, while AMD and Marvell gained 3.9% and 5.3% respectively.

However, after initial gains, both AMD and Marvell saw their stock prices decline.

Boeing’s stock dropped after announcing delays in 737 Max deliveries due to manufacturing flaws.

The news affected investor confidence, leading to a decline in stock price.

Dollar Tree’s stock declined after issuing lower-than-expected third-quarter guidance.

Investors reacted to the weaker guidance, causing a decrease in stock price.

Discover Financial Services’ stock climbed after receiving an upgrade from Wolfe.

The upgrade influenced investor sentiment, resulting in an increase in stock price.

Splunk’s stock rose significantly after beating Wall Street expectations for second-quarter earnings.

The company’s shares rose by 11% following the positive earnings results.

Splunk earned 71 cents per share on $911 million in revenue.

Autodesk’s stock increased after reporting higher-than-expected earnings and raising its guidance.

The company’s shares climbed 5% following the earnings report.

Autodesk earned $1.91 per share on $1.35 billion in revenue, surpassing analyst expectations.

Snowflake’s stock dipped despite reporting an earnings beat.

The company’s shares rose by nearly 3% after beating earnings expectations.

Snowflake reported a profit of 22 cents per share on $674 million in revenue.

Guess saw a significant increase in its stock price after reporting better-than-expected earnings.

The company’s stock surged by nearly 19% following the positive earnings report.

Guess reported earnings of 72 cents per share on $664.5 million in revenue.

Affirm Holdings stock rose 10.8% after reporting better-than-expected quarterly results.

Nordstrom shares fell nearly 4% despite reporting an earnings and revenue beat in the second quarter.

Gap shares rose almost 2% despite a mixed quarterly report, with revenue missing expectations.

Marvell Tech shares tumbled over 5% despite beating Wall Street’s estimates for quarterly results.

Ulta Beauty shares gained over 2% after reporting better-than-expected second-quarter results and raising its full-year forecast.

Intuit shares fell over 2% despite reporting fiscal fourth-quarter earnings that beat expectations.

Workday’s stock jumped 4% after beating expectations for the second quarter and raising its fiscal 2024 subscription revenue forecast.

This comprehensive brief covers the recent stock movements and earnings reports for various companies.

It provides readers with detailed information to understand the market trends and factors contributing to stock price fluctuations.

Article X-ray

A line graph with fluctuating peaks and valleys representing the stock market’s response to earnings reports.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

cnbc.com
– Nvidia’s stock reached a record high after reporting strong earnings, driven by its data center business.
– AMD and Marvell Technology saw their stock prices decline following Nvidia’s earnings report.
– Boeing’s stock dropped after announcing delays in 737 Max deliveries due to manufacturing flaws.
– Dollar Tree’s stock declined after issuing lower-than-expected third-quarter guidance.
– Discover Financial Services’ stock climbed after receiving an upgrade from Wolfe.
– Splunk’s stock rose significantly after beating Wall Street expectations for second-quarter earnings.
– Autodesk’s stock increased after reporting higher-than-expected earnings and raising its guidance.
– Snowflake’s stock dipped despite reporting an earnings beat.
– Guess saw a significant increase in its stock price after reporting better-than-expected earnings.
– Dollar Tree issued weaker-than-expected third-quarter guidance.
cnbc.com
– Splunk shares rose by 11% after beating earnings expectations
– Splunk earned 71 cents per share on $911 million in revenue
– Nvidia shares increased by nearly 9% after reporting second-quarter results
– Nvidia earned $2.70 per share on $13.51 billion in revenue, surpassing analyst expectations
– Snowflake shares rose by nearly 3% after beating earnings expectations
– Snowflake reported a profit of 22 cents per share on $674 million in revenue
– Taiwan Semiconductor, AMD, and Marvell stocks were higher following Nvidia’s earnings beat
– Taiwan Semiconductor shares increased by 3%, while AMD and Marvell gained 3.9% and 5.3% respectively
– Guess stock surged by nearly 19% after reporting earnings of 72 cents per share on $664.5 million in revenue
– Super Micro Computer shares climbed 8.4% following Nvidia’s earnings beat
– Loop Capital reiterated a buy rating on Super Micro Computer stock, stating that Nvidia’s earnings could boost the stock
– Autodesk stock climbed 5% after reporting second-quarter results
– Autodesk earned $1.91 per share on $1.35 billion in revenue, surpassing analyst expectations
cnbc.com
– Affirm Holdings stock rose 10.8% after reporting better-than-expected quarterly results.
– Nordstrom shares fell nearly 4% despite reporting an earnings and revenue beat in the second quarter.
– Gap shares rose almost 2% despite a mixed quarterly report, with revenue missing expectations.
– Marvell Tech shares tumbled over 5% despite beating Wall Street’s estimates for quarterly results.
– Ulta Beauty shares gained over 2% after reporting better-than-expected second-quarter results and raising its full-year forecast.
– Intuit shares fell over 2% despite reporting fiscal fourth-quarter earnings that beat expectations.
– Workday’s stock jumped 4% after beating expectations for the second quarter and raising its fiscal 2024 subscription revenue forecast.

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