The major US indices are ending the day down, with the NASDAQ leading the way.
The final numbers are showing:
- Dow industrial average -39.09 points or -0.12% at 33553.83
- S&P index -32.96 points or -0.83% at 3958.78
- NASDAQ index -174.74 points or -1.54% and 11183.67
- Russell 2000-36.03 points or -1.91% at 1853.16
In after earnings:
Cisco Systems
- EPS came in at $0.86 vs. $0.84 expected.
- Revenues were higher at $13.6 billion vs. 13.3 million expected.
- Q2 revenues you as 4.5% – 6.5% vs. expected +4.2%
- Q2 adjusted EPS of you being $0.84 – $0.86 vs. expectations of $0.85
- they also rose fiscal year revenue view to +4.5% to +6.5% vs. 4% – 6%
- the stock is trading higher in after-hours trading at $46.55 up $2.16 or 4.87%. Cisco shares were down -$0.51 or -1.14% in premarket trading
Nvidia
- EPS $0.58 vs. $0.69 estimate
- $5.93 billion vs. vs. $5.77 billion estimate
- Nvidia stock is trading up $4.70 or 2.9% in volatile trading. Nvidia shares were down $-7.56 or -4.54% in trading ahead of the earnings.