Nvidia Rises, Dollar Tree Falls, Crowdstrike Soars After Sales Outlook Beats Estimates
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On this episode of Stock Movers:
-Nvidia (NVDA) shares rise. Nvidia Corp. said revenue will grow about 70% next fiscal year, outstripping analysts’ estimates for a 45% jump. The company's Chief Financial Officer Colette Kress said Nvidia would grow faster if it had access to more supplies, and that customers' forecasts point to the company's growth doubling next year.
-Dollar Tree (DLTR) shares drop. The retailer’s guidance for the third quarter and full year proves underwhelming after the stock’s 38% advance since its 1Q results on May 28.
-Crowdstrike (CRWD) shares soar. The company projected revenue for the full year that exceeded analysts' estimates. The company estimated annual revenue of $5.99 billion to $6.01 billion, also ahead of estimates of $5.94 billion, and sales for the third quarter will be as high as $1.53 billion.
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