Salesforce, Nvidia, and other industry giants have made waves this earnings season, with varied performances impacting their stock movements. Salesforce reported adjusted earnings of $2.78 per share, surpassing analysts' projections of $2.61 per share. Meanwhile, Nvidia's strong earnings report drove its shares up by about 0.6%, as it exceeded fourth-quarter estimates on both top and bottom lines. Nvidia reported adjusted earnings of 89 cents per share on revenue of $39.33 billion, compared to expectations of 84 cents per share on $38.05 billion, according to LSEG.
The cloud computing sector saw a significant impact with Nutanix shares surging 12%. In contrast, Sweetgreen shares fell 13% after offering weak guidance. The salad chain's revenue for the fourth quarter missed analysts' expectations, recording $98 million against the anticipated $104 million, as reported by LSEG.
Teladoc faced challenges, posting a fourth-quarter loss of 28 cents per share, exceeding the expected loss of 24 cents per share predicted by analysts polled by LSEG. Similarly, Paramount reported a loss of 11 cents per share, falling short of the anticipated earnings of 12 cents per share. Despite these setbacks, Nvidia's latest quarter revenue rose by an impressive 78%, with its full fiscal-year revenue increasing by 114% to $130.5 billion, underscoring sustained demand in the market.
In the realm of enterprise software, C3.ai witnessed a decline in its stock, slipping about 2% despite better-than-expected quarterly results. The company reported a loss of 12 cents per share on revenue of $99 million. Meanwhile, Snowflake's shares climbed more than 9%, buoyed by a positive fourth-quarter report with revenue aligning with expectations at $640 million.
eBay projected its first-quarter revenue to range between $2.52 billion and $2.56 billion, slightly under the $2.59 billion anticipated by analysts polled by LSEG. This announcement comes amid a mixed earnings season where market players are closely monitoring performance indicators.