By Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling slid nearly 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. Snowflake — The cloud stock soared 18% after beating earnings expectations for the third quarter and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts surveyed by LSEG predicted 15 cents in earnings per share and $897 million in revenue. Palo Alto Networks — The cybersecurity stock slipped 5%. Palo Alto announced a two-for-one stock split. The company issued fiscal second-quarter guidance, calling for adjusted earnings of $1.54 to $1.56 per share on revenue of $2.22 billion to $2.25 billion. That was roughly in line with the Street’s forecast of $1.55 per share in earnings and $2.23 billion in revenue, per FactSet. Jack in the Box — The restaurant chain tumbled 5.6% after revenue for the fiscal fourth quarter came in at $349.3 million, under the consensus forecast of $356.7 million from analysts polled by FactSet. On the other hand, Jack in the Box earned $1.16 per share, excluding items, which was 7 cents ahead of what Wall Street penciled in.
- UK economy ekes out 0.1% growth, below expectations
- Wholesale prices rose 0.2% in October, in line with expectations
- CPI inflation October 2024:
- Powell and the Fed won’t be able to avoid talking about Trump forever
- Mnuchin says Trump’s top priorities will include tax cuts and tariffs
- Billionaire Gautam Adani charged fraud, bribery in New York
- Ethics Committee deadlocks on releasing Matt Gaetz sex, drug probe report
- Senate seeks evidence in Matt Gaetz FBI sex trafficking probe
- Visa & Mastercard execs grilled by senators on high swipe fees
- Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS
