Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

Zoom struggles to convince consumers to pay, and stock slips

Zoom Video Communications Inc. is struggling to convince people to pay for its video conferencing service in the third year of the COVID-19 pandemic, contributing to a reduced forecast and falling stock price on Monday. Zoom ZM, -2.07% executives slashed their full-year earnings and revenue forecast Monday afternoon, and Zoom chief financial officer Kelly Steckelberg … Read more

Why Are Walmart Stocks Rising? The retailer exceeds its estimates and increases its forecast.

Text size Walmart posted second-quarter adjusted earnings of $1.77 per share. Justin Sullivan/Getty Images walmart it is sales rose and earnings beat estimates in the second quarter, pushing shares of the retail giant higher. Tuesday, walmart (ticker: WMT) posted adjusted earnings of $1.77 per share, beating analyst estimates of $1.63, according to FactSet. Sales of … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more