On Wednesday, the major averages closed on a mixed note, as traders were left unimpressed by the Fed's decision and Chair Powell’s comments at the press conference that followed the meeting.
Marvell's stock reversed its trend, climbing on an analyst note that validated its preliminary earnings report and its critical role in AI infrastructure.
Cisco Systems, Inc. (NASDAQ: CSCO) is an American multinational digital communications technology conglomerate headquartered in San Jose, California. Founded in December 1984 by Leonard Bosack and Sandy Lerner, two computer scientists from Stanford University, the company emerged from their pioneering work in connecting disparate computer systems using a multiprotocol router
Online marketplace eBay (NASDAQ:EBAY) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales up 6.1% year on year to $2.73 billion. Guidance for next quarter’s revenue was optimistic at $2.72 billion at the midpoint, 2.2% above analysts’ estimates. Its non-GAAP profit of $1.37 per share was 5.6% above analysts’ consensus estimates.
Nvidia stock has been at the center of the artificial intelligence (AI) revolution for three years, but another chip stock could carry even more lucrative gains in the long run.
American firearm manufacturing company Ruger (NYSE:RGR) announced better-than-expected revenue in Q2 CY2025, with sales up 1.3% year on year to $132.5 million. Its non-GAAP profit of $0.41 per share was 7.9% above analysts’ consensus estimates.
Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 30% year on year to $2.61 billion. Its non-GAAP profit of $1.66 per share was 12.1% above analysts’ consensus estimates.
Tech giant Microsoft (NASDAQ:MSFT) announced better-than-expected revenue in Q2 CY2025, with sales up 18.1% year on year to $76.44 billion. Its GAAP profit of $3.65 per share was 8% above analysts’ consensus estimates.
Financial services company Robinhood (NASDAQ:HOOD) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 45% year on year to $989 million. Its GAAP profit of $0.42 per share was 35.2% above analysts’ consensus estimates.
Grocery store chain Sprouts Farmers Market (NASDAQ:SFM) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 17.3% year on year to $2.22 billion. Its GAAP profit of $1.35 per share was 9.4% above analysts’ consensus estimates.
After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
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