Earnings live updates: Intuit stock tumbles after announcing job cuts, e.l.f. Beauty says it will lower prices
Earnings live updates: Intuit stock tumbles after announcing job cuts, e.l.f. Beauty says it will lower prices.
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Nvidia's ( NVDA ) fiscal first quarter results on Wedneday offered investors the marquee earnings event of the week, while Walmart's ( WMT ) report on Thursday morning provided insight into the state of the consumer.
Nvidia said it anticipates revenue between $89.1 billion and $92.8 billion in the second quarter, serving as a barometer of artificial intelligence trade. Nvidia's report comes as the AI chipmaker faces increasing competition from rivals such as Cerebras ( CBRS ) and AMD ( AMD ), as well as its customers Amazon ( AMZN ) and Google ( GOOG ).
So far this earnings season, S&P 500 companies have impressed market watchers by printing profits, even amid ongoing risks from the Iran war, and the index is on track for double-digit earnings growth. Reports from semiconductor companies so far underscore that the artificial intelligence boom remains a key market driver.
Also reporting this week are a handful of retail companies, including The Home Depot ( HD ), TJX Companies ( TJX ), Lowe's Companies ( LOW ), Target Corporation ( TGT ), and Walmart, which will provide insights on the state of the US consumer.
Sinergia Empresarial continuará el seguimiento de esta información sobre earnings live updates: Intuit stock tumbles after announcing job cuts, e.l.f. Beauty says it will lower prices y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
