The second quarter earnings season is nearly complete, with Nvidia's (NVDA) Q2 results on Wednesday serving as a keystone to a remarkably strong stretch of corporate reports.
According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.
In addition to Nvidia's results, investors watched for key updates from dollar stores Dollar Tree (DLTR) and Dollar General (DG); software companies, such as Salesforce (CRM), Intuit (INTU), and Zoom (ZM); and other retailers like ****** 's Sporting Goods (DKS) and Kohl's (KSS).
Abercrombie & Fitch (ANF) shares jumped 9% in premarket trading after the retailer reported an earnings beat
In Q2, Abercrombie reported net income per share of $4.17, inclusive of a $1.75 benefit from tariff refunds. That surpassed Wall Street ****** yst expectations for earnings of $1.97, per S&P Global Market Intelligence.
#abercrombie
According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year, the highest growth rate since 2021. Artificial intelligence has been the growth engine of that broad-based earnings growth, Bank of America strategists noted.
In addition to Nvidia's results, investors watched for key updates from dollar stores Dollar Tree (DLTR) and Dollar General (DG); software companies, such as Salesforce (CRM), Intuit (INTU), and Zoom (ZM); and other retailers like ****** 's Sporting Goods (DKS) and Kohl's (KSS).
Abercrombie & Fitch (ANF) shares jumped 9% in premarket trading after the retailer reported an earnings beat
In Q2, Abercrombie reported net income per share of $4.17, inclusive of a $1.75 benefit from tariff refunds. That surpassed Wall Street ****** yst expectations for earnings of $1.97, per S&P Global Market Intelligence.
#abercrombie
2 months ago
