Wall Street rockets higher after AI giant Nvidia beats on revenue and profit
A blast higher by Nvidia after the AI chipmaker reported another blowout quarter sent Wall Street sharply higher Thursday. The S&P 500 rose 1.6% in morning trading. The big gain pushed the benchmark index into winning territory for the week after two lackluster days. The Dow Jones Industrial…#nvidia #nividia #synopsis #advancedmicrodevices #lamresearch #treasury #rivian #etsy (Source: Reuters: Health)
Source: Reuters: Health - February 22, 2024 Category: Consumer Health News Source Type: news
Morgan Stanley ’s Path to 30% Margins in Wealth Management
Morgan Stanley’s wealth unit fell short of its target for pretax profit margin in the fourth quarter, but the goal is still achievable and the company has a plan to hit its target, said Jed Finn, head of wealth management at Morgan Stanley. “We can add significantly more clients and assets without…#morganstanleys #jedfinn (Source: Reuters: Health)
Source: Reuters: Health - February 22, 2024 Category: Consumer Health News Source Type: news
Telefonica Earnings Top Forecasts
Telefonica reported better-than-expected underlying profits and revenue for the fourth quarter and forecast growth of 1%-2% this year. (Source: Reuters: Health)
Source: Reuters: Health - February 22, 2024 Category: Consumer Health News Source Type: news
Nvidia's 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
Nvidia Corp., which has seen its value skyrocket over the past year thanks to soaring demand for its graphics chips used for artificial intelligence, posted stronger-than-expected results Wednesday for its latest quarter, with its revenue more than tripling from a year earlier. Nvidia reported…#nvidiacorp #nvidia #santaclara #factsetresearch #google #gemini #jensenhuang #taiwan #tsmc (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
AI boom drove Nvidia profits up 580% last year
Last year was a breakout year for artificial intelligence, and no company benefited from the trend quite like chipmaker Nvidia. Earnings released on Wednesday show Nvidia’s profits grew to nearly $12.3 billion in the three months ended January 28 — up from $1.4 billion in the year-ago quarter, a…#nvidia #jensenhuang #meta #amazon #ibm #danmorgan #synovustrustcompany #google #cisco #goldmansachs (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Suncor Energy beats quarterly profit estimates
Suncor Energy SU-T beat Wall Street estimates for fourth-quarter profit on Wednesday, as the oil and gas producer was aided by higher production. The company posted adjusted operating earnings of C$1.26 per share, for the three months ended Dec. 31, compared with average analysts’ estimate of…#suncorenergy (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Nvidia ’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
Nvidia Corp. posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier.#nvidiacorp (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Stocks making the biggest moves midday: Nvidia, SolarEdge, Teladoc, Wingstop and more
Check out the companies making headlines in midday trading. Nvidia — Nvidia fell 2.9% during midday trading and built on Tuesday's more than 4% loss ahead of its quarterly print after the bell. Investors will be closely watching the chipmaker's results for insights into how long its massive growth…#nvidianvidia #solaredge #teladoc #lseg #refinitiv #paloaltonetworks #ringcentral #tollbrothers #barclays #alanshaw (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Bausch & Lomb ’s stock soars 11% after earnings beat
Bausch + Lomb Corp.’s stock soared 10% early Wednesday, after the vision-care company’s adjusted fourth-quarter profit topped estimates and it offered upbeat revenue guidance for 2024. The Vaughan, Ontario-based company BLCO, had a net loss of $54 million, or 15 cents a share, for the quarter,…#bauschlombcorps #ontario #brentsaunders #bauschlomb #novartis #eyevitamins #dryeyeportfolio #sihydaily #ultra #lynchburg (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Crispr Reports Its First Profit In 10 Quarters; Shares Zoom Higher
reported its first profit in 10 quarters on Wednesday, and CRSP stock surged out of a buy zone. This is the company's first earnings report following the historic approval of Casgevy, its gene-edited treatment for sickle cell disease and beta thalassemia. Crispr hasn't yet notched any sales of…#crsp #marketsmithcom #allisongatlin #ibdagatlin #medtronicstockyoyoes #trackandbuy #avoidbiglosses (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Chipmaker Analog Devices forecasts weak Q2 as excess supply hurts
Chipmaker Analog Devices forecast second-quarter profit and revenue below estimates on Wednesday, as it grapples with uncertain demand from the industrial and automotive sectors. The earnings follow a weak forecast from Texas Instruments last month and underscore the challenges facing the chip…#texasinstruments #analogdevices #vincentroche (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
HSBC Swung to Fourth Quarter Loss; Announces Share Buyback
HSBC Holdings announced plans for a new $2.0 billion share buyback, coming after impairments pushed its bottom line to a loss in the latest quarter.#hsbcholdings (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Bed Bath & Beyond parent ‘dissatisfied’ with Q4 results, reassessing its portfolio
Beyond BYON, , the owner of Bed Bath & Beyond and Overstock, said revenue fell in the latest quarter and that it is reviewing its portfolio to meet its full-year financial goals. The location-based online retailer posted fourth-quarter loss of $161 million, or $3.55 a share, compared with a loss…#byon #stripping #marcuslemonis #bedbathbeyond #overstock #lemonis (Source: Reuters: Health)
Source: Reuters: Health - February 21, 2024 Category: Consumer Health News Source Type: news
Walmart Finds a New Secret Weapon: E-Commerce
That greeter’s smile may be looking a little more tentative these days. Shares of Walmart rallied 3.2% on Tuesday after the retailing giant posted fourth-quarter results that beat Wall Street’s revenue and profit estimates while also flexing its newly gained muscle as an e-commerce powerhouse. I…#walmart #amazon #q4 #nt #dailyupside (Source: Reuters: Health)
Source: Reuters: Health - February 20, 2024 Category: Consumer Health News Source Type: news
Even With The Corrected Typo, Lyft Delivered Better-Than-Expected 2023 Financials That Paved The Way For Profitable Growth
Lyft Inc LYFT was among the companies that defined last week. The ride hailing company stock surged more than 60% on Tuesday, but before sharply falling back as the mistake from its quarterly earnings release was corrected. The release initially showed a margin growth 2024 outlook that was…#linkedin #davidrisher #yoy (Source: Reuters: Health)
Source: Reuters: Health - February 20, 2024 Category: Consumer Health News Source Type: news
