Top trending after-hours tickers on Yahoo Finance:
Salesforce (CRM): Shares fell after the company beat on second-quarter results but cut its full-year revenue forecast to between $30.9 billion and $31 billion. For the second quarter, Salesforce posted adjusted earnings-per-share of $1.19 on revenue of $7.7 billion. RBC Capital Markets Software Equity Analyst Rishi Jaluria told Yahoo Finance that if investors are “willing to weather choppiness over the next couple of quarters as we deal with an uncertain macro environment, I can see a position in which Salesforce becomes a net share gainer over the next 12 to 18 months.”
Tesla (TSLA): Tesla will start trading on a split-adjusted basis tomorrow, after the shareholders voted to approve the 3-for-1 split at a shareholder meeting earlier this month. This is the second time Tesla has split its stock in recent years, the move making shares more accessible to retail traders. Tesla’s stock is up 11.3% in the past six months but off 15.7% this year.
Nvidia (NVDA): Shares dropped in after-hours trading after its third-quarter revenue guidance fell short of the Street’s expectations by $1 billion amid a slowdown in gaming and PC sales. Nvidia founder and CEO Jensen Huang noted in the earnings statement, "We are navigating our supply chain transitions in a challenging macro environment and we will get through this.” Revenue for the second quarter totaled $6.7 billion while net income for the company fell 72% from a year ago to $656 million.
Snowflake (SNOW): The stock soared 16% after hours following the data-software company’s second-quarter revenue beat and better-than-expected revenue guidance. Sales for the quarter totaled $497.2 million, representing 83% year-over-year growth.
Autodesk (ADSK): Shares jumped after hours after the company boosted its adjusted earnings per share forecast for the year. Autodesk now sees adjusted EPS of $6.52 to $6.71, up from its initial view of $6.43 to $6.66. For the second quarter, Autodesk beat on both the top and bottom lines, posted adjusted EPS of $1.65 on net revenue of $1.24 billion.
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On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
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After popping briefly yesterday on positive analyst commentary over its 2022 Global Technical Conference performance, Nvidia (NASDAQ: NVDA) stock is trending lower again Thursday — down 5% through 11 a.m. on some curious comments from the company's CEO. Commenting on what some analysts have called the "eye-watering" prices announced for its latest series of GeForce RTX graphics, Nvidia CEO Jensen Huang asserted that "Moore's Law is dead" — and that semiconductor prices are only going up from here. To refresh your memory, Moore's Law is an assertion made by legendary Intel engineer Gordon Moore in 1965, that the number of transistors in an integrated circuit roughly doubles every two years, with the result that semiconductors will get both better and cheaper over time.
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Shares of pet food company Freshpet (NASDAQ: FRPT) suddenly skyrocketed around 3:30 p.m. ET on Thursday, following a surprising report from The Wall Street Journal. According to The Wall Street Journal, investment management firm Jana Partners has acquired almost a 10% stake in Freshpet. The firm reportedly believes Freshpet can make operational improvements and ultimately sell itself to a larger company.
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Top trending after-hours tickers on Yahoo Finance: