Back to top

Image: Bigstock

Snap, NVIDIA Fall After-Hours Following Q2 Earnings

Read MoreHide Full Article

Snap, Inc. (SNAP - Free Report) further advances into the turmoil of its publicly traded existence, further tumbling after-hours following its second-ever quarterly earnings report. A bottom-line loss of 36 cents per share (accounting for stock-based compensation and other BNRI) on sales of $181.7 million missed the -29 cents per share and $186.9 million, respectively, in the Zacks consensus estimate. Average revenue per user ($1.05) coming in lower than anticipated was a main reason for the miss. Global daily active users passed 172 million in Q2, but this wasn't enough to keep SNAP shares from sliding 11% in the after-market.

For more on SNAP's earnings results, click here.

Chip-maker and top S&P 500 outperformer NVIDIA (NVDA - Free Report) reported Q2 earnings and revenues well ahead of expectations -- $1.01 per share beat the 69 cents expected (which was itself representative of +57% year over year) on revenues $2.23 billion, which far outpaced $1.96 billion (which represented 37% growth). Yet shares are selling off more than 7.7% in late trading -- the epitome of a "sell the news" situation; NVDA is up over 180% from this time a year ago.

Keeping with the Retail theme of late earnings season this week, Nordstrom (JWN - Free Report) has outperformed expectations on both top and bottom lines after the bell today, posting 65 cents per share (beating the Zacks consensus by 3 cents) on $3.79 billion in quarterly sales ($3.73 billion had been expected). Comps were 1.7% year over year, much better than the -0.4% expected. Net sales were also above consensus. Bottom line, Retail has had a dicey Q2 earnings season guiding through the Amazon minefield, but Nordstrom looks to have survived without much damage.

For more on Nordstrom's earnings results, click here.


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


NVIDIA Corporation (NVDA) - $25 value - yours FREE >>

Nordstrom, Inc. (JWN) - $25 value - yours FREE >>

Snap Inc. (SNAP) - $25 value - yours FREE >>