Snowflake Inc. and Warner Bros. Discovery emerged as notable winners in the stock market following their impressive earnings reports, which surpassed analysts' expectations. Snowflake, a prominent data cloud analytics company, reported an adjusted earnings of 30 cents per share on a revenue of $987 million. These figures outpaced the 17 cents per share and $956 million in revenue anticipated by LEG's analysts, resulting in a more than 9% rise in its shares. Meanwhile, Warner Bros. Discovery, the parent company of HBO Max and CNN, reported fourth-quarter earnings that exceeded analyst estimates, propelling its stock to soar over 11%.
Warner Bros. Discovery posted an adjusted EBITDA of $2.72 billion, surpassing the expected $2.69 billion, according to FactSet. This strong performance underlined the company's robust earnings potential and drove investor confidence. In contrast, eBay faced a downturn as its first-quarter revenue guidance fell short of Wall Street expectations. The e-commerce giant forecasted revenue between $2.52 billion and $2.56 billion for the current quarter, while analysts estimated $2.59 billion, leading to an approximate 8% slump in its shares.
Teladoc Health disappointed investors with a loss of 28 cents per share in the latest quarter, exceeding analysts' projected loss of 24 cents per share as surveyed by LSEG. Similarly, IonQ reported a larger-than-expected loss of 93 cents per share compared to the anticipated 25-cent loss from FactSet analysts. The quantum computing company also projected a current quarter revenue between $7 million and $8 million, significantly below the $16.2 million forecasted by analysts.
In stark contrast, Rolls-Royce experienced a significant boost with its American depositary receipts jumping up to 18%, following better-than-expected full-year earnings and an update to its mid-term guidance. Nutanix, another bright spot in the market, saw its shares nearly increase by 12%. The cloud computing firm reported earnings of 56 cents per share on a revenue of $655 million for its fiscal second quarter, exceeding LSEG's analyst estimates of 47 cents per share and $642 million in revenue.
Despite Nvidia's strong fourth-quarter earnings and revenue performance, which beat analyst forecasts, the chipmaker's shares fell by about 3%. This drop came despite its optimistic revenue forecast for the current quarter. Meanwhile, Mara Holdings benefited from better-than-expected fourth-quarter revenue of $214.4 million, surpassing the $187.8 million anticipated by FactSet analysts and resulting in a 10% rise in its stock.
Lastly, C3.ai reported a loss of 12 cents per share on a revenue of $99 million. The company continues to navigate market challenges amidst fluctuating investor sentiment.