All major US stock indices closed lower, led by the Dow Jones Industrial Average, which fell -0.51%. Nvidia's post-close earnings were released with expectations of $5.65 on revenue of $24.69 billion (give or take – I see other estimates of $5.60 on $24.60 billion). The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year. The stock price is up approximately 210% over the past year (compared to the same period last year).
Forward earnings per share guidance is expected to be $5.95
The final numbers show:
- Dow Jones Industrial Average -201.97 points or -0.51% at 39,671.03
- The Standard & Poor's Index fell 14.40 points, or -0.27%, at 5,307.02.
- The Nasdaq index fell -31.08 points, or -0.18%, to 16,801.54 points.
The Russell 2000 small-cap index fell -16.64 points, or -0.79%, to 2,081.70.
Snowflake just reported lower-than-expected EPS due to higher revenue:
- Earnings per share: $0.14 vs. $0.18 expected
- Revenues: $0.83 billion versus $0.79 billion expected
- Shares are trading up 9.15% in after-hours trading
Synopsys also stated:
- EPS $3 versus $3.05 expected
- Revenues were $1.45 billion versus $1.51 billion expected
- Shares are trading down -3.91%.
Nvidia stock is expected to be released at 4:20 PM ET