Nvidia, Salesforce, Tesla and more

Date:

Top trending out-of-hours tickers on Yahoo Finance:

Sales team (CRM): Shares fell after the company beat second-quarter results, but its full-year revenue forecast fell to $30.9 billion to $31 billion. For the second quarter, Salesforce posted adjusted EPS 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 the jerkiness over the next few quarters as we face an uncertain macro environment, I can see a position where Salesforce a net gain over the next 12 to 18 months.”

tesla (TSLA): Tesla will begin trading tomorrow on a split-adjusted basis, after shareholders voted at a shareholders’ meeting earlier this month to approve the 3-for-1 split. This is the second time Tesla has split its shares in recent years, making equities more accessible to retailers. Shares of Tesla are up 11.3% in the past six months, but are up 15.7% this year.

Nvidia (NVDA): Shares fell in after-hours trading after third-quarter revenue expectations fell $1 billion below Street’s expectations amid a slowdown in game 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 was $6.7 billion, while the company’s net income fell 72% from a year ago to $656 million.

snowflake (SNOW): The stock rose 16% after hours following the data software company’s second-quarter earnings and better-than-expected revenue forecasts. Revenue for the quarter was $497.2 million, representing 83% year-over-year growth.

Autodesk (ADSK): Shares jumped hours after the company raised its adjusted earnings per share for the year. Autodesk now sees adjusted earnings per share of $6.52 to $6.71, up from its initial view of $6.43 to $6.66. For the second quarter, Autodesk beat both the top and bottom lines, posting an adjusted EPS of $1.65 on net sales of $1.24 billion.

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The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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