Nvidia, ViaSat, Urban Outfitters, Toll Brothers, Target, and More Stock Market Movers
Nvidia slipped 0.5% in premarket trading ahead of its earnings report scheduled for after the stock market closes. Analysts project that sales jumped almost fourfold in the period to $24.6 billion, with earnings rising fivefold to $5.60 a share, driven by demand for the company’s artificial-intelligence chips. Shares of Nvidia closed at a record high Tuesday, rising 0.6% in the session to finish at $953.86. It was Nvidia’s first record close since late March.
Fiscal second-quarter earnings at
jumped to $481.6 million, or $4.55 a share, from profit of $320.2 million, or $2.85 a share, a year earlier and beat analysts’ expectations of of $4.14. The luxury homebuilder said delivered homes rose 6% from a year earlier to 2,641. It expects deliveries in the fiscal year of 10,400 to 10,800 homes, up from its previous outlook of 10,000 to 10,500 units.
swung to a fiscal fourth-quarter loss while revenue jumped 73%
to $1.2 billion, driven by a contribution from its recent acquisition of Inmarsat. The satellite communications company said it expects revenue in fiscal 2025 to be roughly flat year over year, excluding a one-time benefit from a litigation settlement, while analysts expected revenue to increase about 7%.
shares fell 11%.
Advertisement – Scroll to Continue
reported fiscal first-quarter adjusted earnings of 69 cents a share, beating analysts’ estimates of 53 cents, as revenue increased 7.8% to $1.20 billion and same-store sales jumped 4.6%. Lifting sales was strength at the company’s Free People and Anthropologie brands. The stock gained 6.7%.
In addition to earnings from Nvidia, reports are expected Wednesday from
Target
,
TJX Cos.
,
Synopsys
,
and
VF Corp
.
Target fell slightly ahead of the release of the retailer’s first-quarter earnings. Analysts expect Target to earn $2.06 a share in the period on revenue of $25.42 billion.
Advertisement – Scroll to Continue
Write to Joe Woelfel at joseph.woelfel@barrons.com
