Check out the companies making headlines in premarket trading. Nvidia — The closely followed chip giant’s stock surged 13% in premarket trading after earnings released Wednesday afternoon blew past expectations amid the artificial intelligence boom. Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue for the fourth quarter, while analysts surveyed by LSEG anticipated $4.64 per share and $20.62 billion. The company also said revenue in the current quarter would be stronger than Wall Street forecasted. Moderna — Shares were up more than 5% after the vaccine maker posted a greater-than-expected revenue for the fourth quarter. The company’s top line registered at $2.81 billion, while analysts polled by LSEG had forecast a print of $2.50 billion. Moderna also reported a surprise profit, boosted in part by deferred revenue that came despite plunging sales in its Covid vaccine. Lucid — Shares pulled back more than 7% after the luxury electric vehicle company missed revenue estimates in the fourth-quarter. Specifically, Lucid posted $157 million, while analysts expected $180 million, per LSEG. Cantor Fitzgerald downgraded Lucid to underweight from neutral earlier on Thursday, according to Street Account. Etsy — Shares lost 8.6% in Thursday’s premarket, the morning after the online market place reported a mixed fourth quarter. While revenue exceeded Wall Street expectations, the company saw …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. Nvidia — The closely followed chip giant’s stock surged 13% in premarket trading after earnings released Wednesday afternoon blew past expectations amid the artificial intelligence boom. Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue for the fourth quarter, while analysts surveyed by LSEG anticipated $4.64 per share and $20.62 billion. The company also said revenue in the current quarter would be stronger than Wall Street forecasted. Moderna — Shares were up more than 5% after the vaccine maker posted a greater-than-expected revenue for the fourth quarter. The company’s top line registered at $2.81 billion, while analysts polled by LSEG had forecast a print of $2.50 billion. Moderna also reported a surprise profit, boosted in part by deferred revenue that came despite plunging sales in its Covid vaccine. Lucid — Shares pulled back more than 7% after the luxury electric vehicle company missed revenue estimates in the fourth-quarter. Specifically, Lucid posted $157 million, while analysts expected $180 million, per LSEG. Cantor Fitzgerald downgraded Lucid to underweight from neutral earlier on Thursday, according to Street Account. Etsy — Shares lost 8.6% in Thursday’s premarket, the morning after the online market place reported a mixed fourth quarter. While revenue exceeded Wall Street expectations, the company saw …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
