Paramount Global has reported financial results that fell below analyst expectations, announcing a loss of 11 cents per share. This missed the mark set by analysts polled by LSEG, who had forecast a loss of 12 cents per share. The revenue for Paramount also did not meet consensus estimates, coming in at $7.98 billion against an expected $8.10 billion.
In the healthcare sector, Teladoc Health revealed a wider-than-anticipated fourth-quarter loss. Furthermore, its revenue forecast for the current quarter was weaker than analysts had anticipated, raising concerns among investors.
eBay's financial projections also fell short of expectations. The company provided first-quarter revenue guidance between $2.52 billion and $2.56 billion, missing the analyst prediction of $2.59 billion. This underwhelming outlook has raised questions about its future performance.
Conversely, Nvidia impressed Wall Street with fourth-quarter earnings and revenue that exceeded expectations. Despite the positive results, Nvidia faces increasing global competition, a factor that continues to weigh on its long-term growth prospects.
Snowflake also delivered strong fourth-quarter results, surpassing expectations and witnessing a surge of over 12% in its shares. Meanwhile, Salesforce reported quarterly revenue of $9.99 billion, slightly below the forecasted $10.04 billion, and issued weak guidance, resulting in a 3.4% drop in shares.
In other market news, Freeport-McMoRan received an upgrade to "buy" from Jefferies, leading to an over 2% increase in its stock value. C3.ai reported a narrower-than-expected loss of 12 cents per share, outperforming analyst predictions of a 25-cent loss per share.
Nutanix observed significant gains with its fiscal second-quarter results, posting adjusted earnings of 56 cents per share on revenue of $655 million, which led to a 16% rise in shares. This positive performance reflects growing investor confidence in the company's strategic direction.