Nvidia Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in second-quarter earnings, which also surpassed the market’s projection. However, shares of the semiconductor giant dropped during the extended trading session, following the announcement.
Adjusted profit climbed to $2.18 per share in the second quarter from $1.24 per share last year. Net earnings moved up to $0.99 per share from $0.90 per share in the same period of 2020. The bottom-line topped the Street view.
Revenue rose 50% annually to $3.87 billion in the second quarter and came in above the market’s prediction.
The company’s stock closed Wednesday’s regular trading sharply lower and continued to lose in the after-hours. The stock’s value more than doubled in the past twelve months.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and