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.