Market Overview

After-Hours Movers Led By NVIDIA, NetApp And Marriott

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Shares of NVIDIA Corporation (NASDAQ: NVDA) were trading up almost 5 percent in Wednesday's after-hours session, following the announcement of the company’s fourth quarter financial results. The company beat expectations on both the earnings and revenue fronts on higher chip demand, posting EPS of $0.39 on revenue of $1.401 billion, versus the Street’s consensus of $0.32 and $1.311 billion.

NetApp Inc. (NASDAQ: NTAP) lost 1.7 percent after the bell rang. The company posted EPS of $ 0.70, which came in $0.02 ahead of the Street’s consensus. Revenue of $ 1.386 billion, missed expectations for $1.451 billion. A weak earnings outlook and the announcement that the company would fire 12 percent of its staff were also driving the stock down.

Marriott International Inc (NASDAQ: MAR) was down 2.5 percent since the market closed. The global lodging firm retrieved earnings of $0.77 per share, $0.01 above consensus, on revenue of $3.706 billion, slightly below expectations for $3.72 billion.

Other stocks moving in after-hours:

  • Ingram Micro Inc. (NYSE: IM), up more than 23 percent
  • Jack in the Box Inc. (NASDAQ: JACK), down about 19.5 percent on its earnigs call.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Posted-In: Earnings News Guidance After-Hours Center Movers

 

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