{"id":52478,"date":"2023-08-24T11:41:20","date_gmt":"2023-08-24T15:41:20","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/nvidia-amc-petco-splunk-boeing-spirit-aero-dollar-tree-and-more-market-movers\/"},"modified":"2023-08-24T11:41:22","modified_gmt":"2023-08-24T15:41:22","slug":"nvidia-amc-petco-splunk-boeing-spirit-aero-dollar-tree-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=52478","title":{"rendered":"Nvidia, AMC, Petco, Splunk, Boeing, Spirit Aero, Dollar Tree, and More Market Movers"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

Stocks fell Thursday, giving up earlier gains following better-than-expected second-quarter earnings from
\n Nvidia.<\/span>\n <\/p>\n

These stocks were making moves Thursday:<\/p>\n

\n

\n Nvidia
\n (ticker: NVDA) rose 2.4% after the graphics chip maker reported second-quarter revenue of $13.5 billion, smashing estimates of $11.2 billion. Data-center revenue soared 141% to $10.32 billion. Adjusted earnings of $2.70 a share also easily beat expectations of $2.08.
\n Nvidia
\n said it expects third-quarter revenue of $16 billion at the midpoint of its range, well above analysts\u2019 consensus of $12.6 billion. CEO Jensen Huang credited a dramatic shift toward adoption of artificial intelligence for the robust results. Related stocks traded lower.
\n Taiwan Semiconductor
\n (TSM) fell 0.4%,
\n Advanced Micro Devices
\n (AMD) fel 4.9%,
\n Marvell Technology
\n (MRVL) was down 3.7%, and
\n Palantir Technologies
\n (PLTR) slid 5%. <\/p>\n

\n AMC Entertainment
\n (AMC) was falling 28%. The movie-theater chain\u2019s 10-for-1 reverse stock split is effective Thursday.<\/p>\n

\n Petco Health
\n (WOOF) slid 23% after the pet goods retailer slashed its earnings guidance for the fiscal year.<\/p>\n

\n Boeing
\n (BA) declined 3.2% over worries about a quality issue linked to supplier\u00a0
\n Spirit AeroSystems
\n \u00a0(SPR) that affects some 737 models.
\n Boeing
\n said the issue didn\u2019t create an immediate safety problem, but \u201cwill impact near-term 737 deliveries.\u201d
\n Spirit Aerosystems
\n fell 17%.<\/p>\n

\n Autodesk
\n (ADSK) posted second-quarter adjusted profit and revenue that topped Wall Street forecasts. The software company\u2019s stock rose 3.3%. Shares have gained 13% this year. <\/p>\n

Splunk (SPLK) reported second-quarter adjusted earnings of 71 cents a share, easily surpassing analysts\u2019 estimates. Revenue in the period rose 14% to $910.6 million, while cloud revenue jumped 29% to\u00a0$445 million.
\n Splunk
\n said it expects third-quarter evenue of between $1.02 billion and $1.035 billion, topping analysts\u2019 estimates of $982 million. Shares of the software company rose 14%.<\/p>\n

\n Dollar Tree
\n (DLTR) dropped 10% after the discount retailer tightened its earnings outlook for the fiscal year. It highlighted pressure on profits from inventory loss and consumers turning to lower-priced products. The stock was the worst performer in the
\n S&P 500.<\/span>\n <\/p>\n

\n Burlington Stores
\n (BURL) dropped 9.7% after the discount retailer cut its adjusted earnings guidance for the fiscal year.<\/p>\n

\n Vizio Holding
\n (VZIO) dropped 6% after BofA analysts double downgraded the entertainment platform to Underperform from Buy.<\/p>\n

\n Guess
\n (GES) jumped 28% after second-quarter adjusted earnings at the retailer beat analysts\u2019 expectations and revenue rose 3% to\u00a0$664.5 million, also higher than forecasts. The company said it expects third-quarter revenue to increase between 2.5% and 4.5%.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks fell Thursday, giving up earlier gains following better-than-expected second-quarter earnings from Nvidia. These stocks were making moves Thursday: Nvidia (ticker: NVDA) rose 2.4% after the graphics chip maker reported second-quarter revenue of $13.5 billion, smashing estimates of $11.2 billion. Data-center revenue soared 141% to $10.32 billion. Adjusted earnings of $2.70 a share also easily […]<\/p>\n","protected":false},"author":1,"featured_media":15099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-52478","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nNvidia, AMC, Petco, Splunk, Boeing, Spirit Aero, Dollar Tree, and More Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks fell Thursday, giving up earlier gains following better-than-expected second-quarter earnings from Nvidia. 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