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Earnings From NVDA And EXPE

All quiet on the U.S. front. Yes, there are still a few companies reporting Q4 earnings results before the opening bell today, but we are essentially past the heaviest flow for the quarter. In fact, Zacks' Director of Research Sheraz Mian has recently put out a comprehensive report on Q4 earnings season performance, and you should find the results quite favorable: Positive Earnings Picture

Shinzo Abe meets with President Trump in hosting a business summit, but not before Japan's Prime Minister meets with a U.S./Japanese business council, which has expressed interest in a long-term partnership. So while some analysts wring their hands over Trump ripping up the TPP trade deal and worry about a possible fighting war in the South China Sea, relations between the U.S. and one of its top trading partnerships over the past half century appear to be decent.

Yesterday after the closing bell, NVIDIA NVDA posted a solid beat on both top and bottom lines: earnings of 99 cents per share on revenues of $2.17 billion topped expectations of 83 cents per share and $2.08 billion in sales. This Zacks Rank #2 (Buy) stock is up a whopping 340% from a year ago and another 3.8% today in the pre-market.

Zacks Rank #5 (Strong Sell) company Expedia EXPE missed earnings estimates yesterday afternoon, but squeaked past revenue estimates for its fiscal Q4. Earnings of 97 cents per share on $2.1 billion in sales compare to the $1.11 per share and $2.068 billion expected, respectively. Positives include trivago (scheduled for an IPO down the road apiece) and HomeAway segments, which together brought in more than $300 million in quarterly revenues.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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