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Nvidia's quarter is as good as investors wanted, says CFRA's Angelo Zino

Nvidia (NVDA) earnings report Q1 2025

Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates. Nvidia’s quarterly earnings report has become a way for investors to gauge the strength of the AI boom that has transfixed markets in recent months. Its strong results on Wednesday suggest...

Cisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driver

Cisco (CSCO) Q3 earnings report 2024

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The...

Home Depot revenue misses, shares slip

Home Depot (HD) Q1 2024 earnings

Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring purchases late. Still, the home improvement retailer reaffirmed its full-year guidance, which includes an additional week from the prior year. It said it expects total...

Block shares pop on Q4 earnings beat

Block (SQ) earnings Q1 2024

Block reported first-quarter earnings after the bell Thursday that exceeded analysts’ estimates. The stock rose more than 7% in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 85 cents adjusted vs. 72 cents expected Revenue: $5.96 billion vs. $5.82 billion expected Block, formerly known as Square,...

Cloud players can monetize AI quicker than other companies, says CFRA's Zino on Microsoft earnings

AWS Q1 earnings report 2024

Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023. David Paul Morris | Bloomberg | Getty Images Amazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first quarter, a more rapid rate than Wall Street had expected....

A quiet meme stock rally? Reddit, GameStop and Supermicro surge

Super Micro (SMCI) Q3 earnings report 2024

Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. David Paul Morris | Bloomberg | Getty Images Super Micro shares slipped as much as 8% in extended trading on Tuesday after...

Euronext CEO says IPO market is back — and the listings pipeline is 'very, very impressive'

Euronext boss says long awaited CVC debut shows the IPO market is back

The highly anticipated trading debut of private equity group CVC Capital Partners shows that Europe’s initial public offering market is back on track, Euronext CEO Stéphane Boujnah told CNBC on Friday. Shares of Amsterdam-listed CVC, one of Europe’s largest buyout companies, traded nearly 24% higher at around 12:30 p.m. London time. The stock had opened...

IBM's in-office ultimatum: Move near office or leave company

IBM Q1 earnings report 2024: IBM to acquire HashiCorp

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue...

Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America (BAC) earnings Q1 2024

Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking. Here’s what the company reported: Earnings: 83 cents a share adjusted, vs. 76 cents LSEG estimate Revenue: $25.98 billion, vs. expected $25.46 billion The bank said profit fell 18% to $6.67 billion, or...

UnitedHealth Q1 earnings: Change cyber-attack in focus

UnitedHealth Q1 results: Change cyberattack in focus

UnitedHealth Group’s first-quarter earnings report Tuesday will mark the health-care giant’s first major public comments since a cyberattack on its Change Healthcare billing and payments subsidiary in February, which has led to the largest disruption in U.S. health care since the Covid pandemic. “Everybody looks to United as the bellwether of all of health-care services....