3 Stocks to Watch on Friday: Nvidia Corporation (NVDA), Pandora Media Inc (P) and Thomson Reuters Corp (TRI)

TRI shares slumped after the bell

U.S. stocks rebounded as the dollar was stronger against the yen, while yield-sensitive utilities fell 0.8%. The S&P 500 Index posted a 0.6% gain, the Dow Jones Industrial Average also surged 0.6% and the Nasdaq Composite was 0.6% better by Thursday’s end.

3 Stocks to Watch on Friday: Nvidia Corporation (NVDA), Pandora Media Inc (P) and Thomson Reuters Corp (TRI)Several companies reported on their latest quarterly data, including Nvidia Corporation (NASDAQ:NVDA), Pandora Media Inc (NYSE:P) and Thomson Reuters Corp (NYSE:TRI).

Here’s how they did:

Nvidia Corporation (NVDA)

Nvidia Corporation posted earnings that sent shares slightly higher yesterday evening.

The company’s net income came in at $655 million, or 99 cents per share over the three months. Excluding items, the company brought in $1.13 per share.

Revenue tallied up to $2.17 billion, growing more than 50% year-over-year from the $1.4 billion in the same quarter the previous year. Analysts were calling for net sales of $2.11 billion.

Nvidia’s graphics processing business is its strongest segment, and this revenue surged 57% year-over-year to $1.85 billion.

For the current quarter, the company expects revenue to be lower at $1.9 billion. The figure is higher than the $1.88 billion Wall Street is projecting.

NVDA stock grew 0.2% after Thursday’s market close.

Pandora Media Inc (P)

Pandora stock had a rough day after the company shared its financial data.

The online streaming app unveiled earnings at a loss of 13 cents per share for its fourth quarter of fiscal 2016. Wall Street had predicted earnings at a loss of 21 cents per share.

Additionally, Pandora saw its revenue rise to $393 million, which is $19 million more than the figure that the consensus estimate called for over the company’s three months.

CEO and founder Tim Westergren noted that the company made great progress in its core business “while accelerating subscriptions to our paid product.”

Pandora Plus and Pandora Premium are paid services that have helped the company rake in revenue through the music offered there. Users of the free service don’t pay anything, but deal with a slew of ads as they stream their favorite tunes.

Advertising revenue came in at $313 million, which was a 16% hike year-over-year.

P shares slumped 1.7% after hours Thursday.

Thomson Reuters Corp (TRI)

Thomson Reuters shares suffered greatly after hours yesterday.

The company revealed that revenue rose 1% year-over-year to $1.5 billion in Financial & Risk, which is roughly half the company’s total revenue. This segment offers news and analytics services to financial institutions and clients.

Thomson Reuters’ net sales fell after 10 quarters of gains. CEO Jim Smith noted that the big European banks had a negative effect on its business over the three months.

Earnings came in at a total of $3.03 per share, which is several times larger than the 53 cents per share it earned the previous year. Earnings came in at 60 cents per share when excluding certain charges, or two cents higher than the consensus estimate.

Net sales — or revenue — for Thomson Reuters came in at $2.86 billion, which missed the mark by $30 million, according to a poll conducted by the firm.

TRI stock fell 2.8% after the bell Thursday.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/02/stocks-watch-friday-nvidia-corporation-nvda-pandora-media-inc-p-thomson-reuters-corp-tri/.

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