{"id":36791,"date":"2023-11-23T18:54:07","date_gmt":"2023-11-23T18:54:07","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/nvidia-microsoft-deere-carnival-autodesk-virgin-galactic-and-more-market-movers\/"},"modified":"2023-11-23T18:54:07","modified_gmt":"2023-11-23T18:54:07","slug":"nvidia-microsoft-deere-carnival-autodesk-virgin-galactic-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36791","title":{"rendered":"Nvidia, Microsoft, Deere, Carnival, Autodesk, Virgin Galactic, and More Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000805946\">\n<div data-layout=\"wrap&#10;              \" data-layout-mobile=\"\" class=\"&#10;        media-object&#10;        type-InsetMediaIllustration&#10;          wrap&#10;  article__inset&#10;        article__inset--type-InsetMediaIllustration&#10;          article__inset--wrap&#10;    article__inset--lead&#10;  \">\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"&#10;        media-object-image&#10;        enlarge-image&#10;        img-wrap&#10;        article__inset__image&#10;      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div style=\"padding-bottom:66.19718309859155%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\">Nvidia reported third-quarter adjusted earnings of $4.02 a share, easily topping analysts\u2019 forecasts of $3.37.<\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Dreamstime<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/p><\/div>\n<p>Stocks rose Wednesday\u00a0after jobless claims fell more than expected and durable goods orders also declined. <\/p>\n<p>These stocks made moves Wednesday:\u00a0<\/p>\n<div class=\"paywall\">\n<p>\n        Nvidia<br \/>\n       (NVDA) reported third-quarter adjusted earnings of $4.02 a share, easily topping analysts\u2019 forecasts of $3.37, while revenue of $18.1 billion set a record. Data center revenue in the period rose 279% from a year earlier to $14.5 billion. For the fourth quarter,<br \/>\n        Nvidia<br \/>\n       issued a revenue forecast range with $20 billion at the midpoint, above the consensus of $18 billion. Chief Financial Officer Colette Kress said on a conference call that Nvidia\u2019s sales to China and other destinations affected by the U.S. government\u2019s export restrictions were expected to \u201cdecline significantly\u201d in the fourth quarter, but the \u201cdecline will be more than offset by strong growth in other regions.\u201d Shares of the chip maker fell 2.5%.<\/p>\n<p>\n        Microsoft<br \/>\n       (MSFT) shares rose 1.3% after the announcement that Sam Altman would be returning to OpenAI as chief executive.<br \/>\n        Microsoft<br \/>\n       is the largest investor in OpenAI. Altman was fired by the previous board of OpenAI last Friday, causing the majority of OpenAI\u2019s employees to threaten to resign. That left Microsoft scrambling to contain the fallout by offering to hire OpenAI\u2019s staff.\u00a0Microsoft had announced it was hiring\u00a0Altman to lead a new advanced AI research team.<\/p>\n<p>\n        Deere<br \/>\n       (DE) reported fiscal fourth-quarter earnings that beat analysts\u2019 estimates but the agricultural equipment maker issued an outlook for fiscal 2024 that was below expectations. The stock dropped 3.1%.<\/p>\n<p>Travel stocks such as<br \/>\n        United Airlines<br \/>\n       (UAL),<br \/>\n        American Airlines<br \/>\n       (AAL), and<br \/>\n        Carnival<br \/>\n       (CCL) were rising on the day before Thanksgiving, which is one of the busiest travel days of the year. United was up 0.9%, American gained 1.5%, and Carnival rose 1.9%.<\/p>\n<p>\n        HP Inc.<br \/>\n       (HPQ) was up 2.8% after the personal computer and printer maker\u2019s earnings report continued to show the effects of weak demand, but the company said it sees a turnaround coming in the year ahead.<\/p>\n<p>\n        Autodesk<br \/>\n      \u2018s (ADSK) third-quarter earnings and revenue beat analyst estimates, and the software company raised its forecast for the fiscal year ending in January.<br \/>\n        Autodesk<br \/>\n       said it sees revenue rising 9% to between $5.45 billion and $5.465 billion, boosting the range from a previous forecast of $5.405 billion to $5.455 billion. Guidance for billings was unchanged, with the company targeting a range of $5.075 billion to $5.175 billion. Shares fell 6.9%.<\/p>\n<p>\n        Urban Outfitters<br \/>\n       (URBN) reported third-quarter earnings and sales that topped expectations. But the retailer noted during its conference call it was seeing a \u201cslight moderation in demand\u201d that started early last month. The company also was less optimistic about its namesake<br \/>\n        Urban Outfitters<br \/>\n       stores. The stock fell 12%. <\/p>\n<p>Third-quarter adjusted earnings at<br \/>\n        Guess<br \/>\n       (GES) were lower than expected and the retailer cut its fiscal-year profit and revenue outlooks. The stock fell 12%.<\/p>\n<p>\n        Nordstrom<br \/>\n       (JWN) posted third-quarter adjusted profit of 25 cents a share, beating analysts\u2019 forecasts of 12 cents. Chief Executive Erik<br \/>\n        Nordstrom<br \/>\n       said the retail company was headed into the holiday shopping season in \u201ca favorable inventory position\u201d but was seeing \u201ccontinued uncertainty and softening consumer spend.\u201d Nordstrom fell 4.6%.<\/p>\n<p>\n        Virgin Galactic<br \/>\n       (SPCE) was downgraded to Underweight from Equal Weight at<br \/>\n        Morgan Stanley<br \/>\n       and the price target was reduced to $1.75 from $4. Shares of the space tourism company declined 6.6% to $1.99.<\/p>\n<p>Write to Joe Woelfel at joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-632b9d9b?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia reported third-quarter adjusted earnings of $4.02 a share, easily topping analysts\u2019 forecasts of $3.37. Dreamstime Stocks rose Wednesday\u00a0after jobless claims fell more than expected and durable goods orders also declined. These stocks made moves Wednesday:\u00a0 Nvidia (NVDA) reported third-quarter adjusted earnings of $4.02 a share, easily topping analysts\u2019 forecasts of $3.37, while revenue of<\/p>\n","protected":false},"author":1,"featured_media":34663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-36791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia, Microsoft, Deere, Carnival, Autodesk, Virgin Galactic, and More Market Movers | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Nvidia reported third-quarter adjusted earnings of $4.02 a share, easily topping analysts\u2019 forecasts of $3.37. 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