While over 90% of S&P 500 companies have already posted earnings for the second quarter, there are still some big reports to watch.
JCPenney’s (JCP) stock plunged 15% today to an all-time low after posting a larger-than-expected loss of $0.09 per share. But there is a silver lining: Revenue topped estimates at $2.96 billion, and the retailer said it had an upbeat outlook for the second half of the year.
Nordstrom’s (JWN) results were a big contrast to JCPenney. The retailer posted a beat on its top and bottom lines and reported same-store sales growth of 1.7%. Nordstrom’s results were largely driven by growth in online shopping, with sales growth of 20% at Nordstrom.com.
Nvidia (NVDA) posted better-than-expected earnings and a sales surge of over 50%. But the stock is off over 5% as its data center sales growth slowed to 2% from the prior quarter. Data center sales are a key metric, as this unit produces cards for high-growth areas of machine learning and AI.
For more on some of the big stock movers, check out The Final Round, starting at 3:55pm ET, right here on Yahoo Finance.