Nvidia quarterly figures + Salesforce revenue misses expectations and outlook disappoints + Cryptocurrency threatens to slide into a bear market + Amazon launches "Alexa+" with advanced AI features + Snowflake beats estimates + C3.ai loss narrows and revenue rises + EBay forecasts quarterly revenue
Nvidia $NVDA (+1.46%)quarterly figures
- NVIDIA Corp. fourth quarter earnings per share of $0.89 beat analyst estimates of $0.84.
- Revenue of USD 39.3 billion exceeds expectations of USD 38.02 billion.
- Sales increase of 78 percent in the past quarter
- Nvidia forecasts sales of USD 43 billion (plus/minus 2%) for the first quarter, exceeding market expectations of USD 41.78 billion, as the company expects continued strong demand for its AI chips.
- Gross margin is expected to fall to 71% due to start-up costs for the new Blackwell AI chips, below the 72.2% expected by Wall Street.
Salesforce revenue $CRM (-1.32%)misses expectations and outlook disappoints
- Salesforce reported fourth-quarter revenue late Wednesday that fell short of Wall Street estimates, while earnings from its customer relationship management platform came in higher than expected.
- Revenue rose 8% year-over-year to $9.99 billion for the three months ended Jan. 31, but fell short of the $10.04 billion consensus estimate compiled by FactSet.
- Adjusted earnings per share rose from $2.29 to $2.78, above market expectations of $2.61.
- Shares fell 5.6% in after-hours trading.
- Subscription and support revenue rose 8% to $9.45 billion, while professional services and other increased from $539 million to $542 million.
- Salesforce expects fiscal 2026 adjusted earnings per share of $11.09 to $11.17, which would be an increase from the $10.20 reported in January but below the consensus estimate of $11.20.
- Revenue is expected to increase 7% to 8% to $40.5 billion to $40.9 billion, a slowdown from the 9% growth in fiscal 2025 and below market expectations of $41.37 billion for fiscal 2026.
- For the current quarter, Salesforce expects adjusted earnings per share of $2.53 to $2.55 on revenue of between $9.71 billion and $9.76 billion, which would represent year-over-year growth of 6% to 7%.
- The Street is expecting $2.62 billion and $9.91 billion respectively.
Cryptocurrency $BTC (+0.29%)threatens slide into a bear market
- Bitcoin's price slide accelerated in the meantime on Wednesday afternoon.
- However, the oldest and best-known digital currency stabilized again recently.
- Bitcoin briefly slipped to 85,341 dollars on the Bitstamp trading platform, its lowest level since mid-November last year.
- Most recently, Bitcoin was trading at almost 87,900 dollars and thus back at the level of Tuesday evening.
- Since reaching a record high of more than 109,000 dollars in January, Bitcoin has lost around a fifth at its peak.
- From a market perspective, the cryptocurrency is in a "bear market" at this level.
- This means that prices are set to fall over a longer period of time.
- Bitcoin's most recent slide accelerated on Tuesday after the price fell below 90,000 dollars.
- This caught those investors on the wrong foot who had bet on rising prices with leveraged products.
- These investors now had to close their positions, which intensified the selling pressure in the short term.
- "Bitcoin and Co. are still in the grip of trade disputes," wrote expert Timo Emden from Emden Research.
- Investors fear further punitive tariffs by US President Donald Trump in particular, which is detrimental to general risk appetite.
- At the same time, disappointment over the lack of concrete steps to introduce strategic Bitcoin reserves in the US is likely to resonate.
- In addition, the developments of the past weekend could continue to weigh on sentiment for cryptocurrencies, Emden continued.
- A cyber attack on the service provider Bybit had caused a furor.
Amazon $AMZN (+0.77%)introduces "Alexa+" with enhanced AI functions
- With the new functions, it can converse with users and is available free of charge for Prime customers
- The new version is initially launching in the USA.
- The platform will be rolled out gradually in all countries where Alexa is currently available, enabling more natural control of smart home devices and connection to security cameras.
Snowflake $SNOW (-1.43%)exceeds estimates in the 4th quarter
- Snowflake on Wednesday reported fourth-quarter non-GAAP diluted earnings of $0.30 per share, up from $0.35 a year earlier.
- Analysts polled by FactSet had expected $0.18.
- Revenue for the quarter ended Jan. 31 was $986.8 million, up from $774.7 million a year earlier.
- Analysts polled by FactSet had expected $956.9 million.
- The company said it expects product revenue of $955 million to $960 million for the first quarter and $4.28 billion for fiscal 2026.
- Analysts were expecting $961 million for the quarter and $4.23 billion for the year.
- The stock rose more than 9% in extended trading.
C3.ai $AI (+0.06%)Q3 loss narrows and revenue increases
- C3.ai on Wednesday reported a non-GAAP diluted loss of $0.12 per share for the third quarter, down from a loss of $0.13 a year earlier.
- Analysts polled by FactSet had expected a loss of $0.25.
- Revenue for the quarter ended Jan. 31 was $98.8 million, up from $78.4 million a year earlier.
- Analysts polled by FactSet had expected $98.1 million.
- The company expects fourth-quarter revenue of $103.6 million to $113.6 million and 2025 revenue of $383.9 million to $393.9 million.
- Analysts polled by FactSet expect $108.6 million for the quarter and $388.3 million for the year.
EBay $EBAY (+2.29%)forecasts quarterly revenue
- E-commerce company eBay on Wednesday forecast first-quarter revenue below Wall Street estimates, pointing to weak demand for products such as collectibles and refurbished goods.
- Shares of eBay fell about 7% in extended trading.
- High interest rates and persistent inflation have held back consumer spending in the U.S. for two years, leading to sluggish demand for non-essential items such as collectibles and luxury accessories.
- EBay has been pressured by slowing advertising revenue.
- The company expects revenue for the quarter to be between $2.52 billion and $2.56 billion, compared with analysts' average estimate of $2.59 billion, according to data compiled by LSEG.
- The company expects first-quarter adjusted earnings between $1.32 and $1.36 per share, with the midpoint above estimates of $1.33.
Thursday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Unilever GBP 0.38
- Diageo 0.41 GBP
- Barclays final 0.06 GBP
- Quarterly figures / company dates USA / Asia
- 22:30 HP Inc Quarterly figures
- No time specified: Edison International | The Mosaic | Dell | Autodesk quarterly figures | GE Healthcare Technologies Investor Day
- Quarterly figures / Company dates Europe
- 06:00 Adtran Networks preliminary annual results
- 07:00 Hella | Kion | Nordex | Deutsche Pfandbriefbank | Axa | ABB | Swiss Re annual results
- 07:30 Baader Bank | Befesa | Sixt | Aixtron | Hensoldt | Scout24 | Telefonica SA annual results
- 07:45 Eni SpA, Strategic Plan 2025 - 2028 | Engie SA Annual Results
- 08:00 Beiersdorf | Haleon | London Stock Exchange | Rolls-Royce Annual Results
- 09:00 Iberdrola Annual Results | Kion Analyst and Press Conference | Befesa Analyst Conference | Beiersdorf Analyst and Press Conference
- 09:30 Deutsche Pfandbriefbank BI-PK
- 10:00 Hella Analyst Conference | Scout24 PK
- 12:00 Intesa Sanpaolo detailed annual results and annual report
- 13:00 SAP Annual Report
- 14:00 Eni SpA analyst and press conference
- 15:00 Scout24 Analyst Conference
- 18:05 Saint-Gobain annual results
- Without time information: ACS | Endesa | Valeo | EDP Annual figures
- Economic data
09:00 CH: GDP 4Q FORECAST: +0.2% yoy/+1.6% yoy previous: +0.4% yoy/+2.0% yoy
09:00 ES: HICP and consumer prices (preliminary) February HICP PROGNOSE: +2.9% yoy previously: +2.9% yoy
10:00 EU: ECB, M3 money supply and lending January M3 money supply FORECAST: +3.8% yoy previously: +3.5% yoy
11:00 EU: Economic Sentiment Index February Eurozone Economic Sentiment PROGNOSE: 96.0 PREV: 95.2 Industrial confidence Eurozone PROGNOSE: -12.0 PREV: -12.9 Consumer confidence Eurozone PROGNOSE: -13.6 PREV: -13.6 PREV: -14.2
11:00 EU: Eurozone Business Climate Index February
11:30 BE: Consumer Prices February
13:30 EU: ECB, minutes of the Governing Council meeting of January 29/30
13:30 US: Richmond Fed President Barkin, speech at Fayetteville Cumberland Economic Development
14:30 US: GDP (2nd release) 4Q annualized PROGNOSE: +2.3% yoy 1st release: +2.3% yoy 3rd quarter: +3.1% yoy GDP deflator PROGNOSE: +2.2% yoy 1st release: +2.2% yoy 3rd quarter: +1.9% yoy
14:30 US: Initial jobless claims (week) FORECAST: 225,000 Previous: 219,000
14:30 US: New orders for durable goods January FORECAST: +2.0% yoy previous: -2.2% yoy
17:45 US: Fed Governor Bowman to speak at Fort Hays State University Robbins Banking Institute event
