Nvidia Says Crypto Drop-Off Helped Drive ‘Disappointing’ Fourth Quarter

Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall......»»

Nvidia Corporation (NASDAQ: NVDA) estimates between $100 million and $300 million of its fourth-quarter revenue came from Ethereum (CRYPTO: ETH) miners, according to the company’s Chief Financial Officer Colette Kress, read more.....»»

Salesforce.com Inc. shares were down 3.5% in after-hours trading Tuesday after the cloud-based enterprise software provider reported fourth-quarter.....»»

General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast......»»

Nvidia Corp. received a bigger bump from crypto mining than rival Advanced Micro Devices Inc. in the most recent quarter, but Chief Executive Jensen Huang predicts a larger drop-off is on the way......»»

Strong sales in the beauty segment in Procter & Gamble’s fourth quarter helped offset lower sales in grooming products where price cuts didn’t improve performance......»»

Shares in Tesla Inc dropped as much as 9 percent on Wednesday after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits and fell short on deliveries of its mass-market Model 3 sedans in the fourth quarter......»»

Airlines stocks were pummeled Thursday after Delta Air Lines Inc. trimmed its revenue forecast for the fourth quarter, renewing investors' fears that airlines will squander the savings they are reaping from the recent drop in fuel prices. .....»»

Nvidia stock is down 11% pre-market after the company slashed fourth quarter revenue (and gross margin), blaming China, macroeconomic conditions, and a decline in crypto demand. T.....»»

Shares of CarMax Inc (NYSE: KMX) were falling in early trading on Friday, after the company reported downbeat earnings for its fiscal fourth quarter. Latest Ratings for .....»»

Increased sales of sneakers, luxury watches and trading cards helped propel a 42% increase in revenue year over year......»»

Kroger's digital sales more than doubled in 2020, but the chain forec.....»»

A day after Square Inc (NYSE: SQ) reported its fourth-quarter results and announced the purchase of $170 million worth of Bitcoin (CRYPTO.....»»

Pizza chain stocks were trading lower Thursday morning after Domino's Pizza, Inc. (NYSE: DPZ) reported a top-and-bottom line fourth quarter miss, while Papa John's Int'l, Inc. (NASDAQ: PZZA) reported mixed resu.....»»

Square Inc. doubled down on bitcoin with a $170 million investment in the cryptocurrency, as surging interest in trading among Cash App customers helped revenue more than double in the fourth quarter......»»

Walmart Inc. reported a disappointing fourth-quarter profit and warned that sales growth would slow in the current fiscal year. .....»»

Wingstop Inc. shares fell 13.2% in Wednesday trading after the chicken chain reported fourth-quarter adjusted earnings that missed expectations. Net loss totaled $6.4 million, or 21 c.....»»

CVS Health is reporting surprisingly strong profit and revenue numbers for the fourth quarter, as a rise in prescriptions helped counter hits from the ongoing COVID-19 pandemic that has kept customers away from the drugstore.....»»

Shares of Philip Morris International Inc. edged up 0.4% in premarket trading Thursday, after the cigarette maker reported fourth-quarter profit and revenue that beat expectations, as strength in heated tobacco volume helped offset declines in cigarette.....»»

Taiwan's large-size panel shipments (excluding Sharp's) are expected to decline 7.3% sequentially in first-quarter 2021, having expanded 4.4.% sequentially and 26.5% on year to 74.76 million units in fourth-quarter 2020, according to Digitimes Research......»»