Quarterly Earnings Performance of Lucid, APA, and Nvidia Impact Stock Market
Quarterly Earnings Review:
A number of companies released their quarterly reports after the market close on Wednesday. Lucid (LCID) posted a loss of $0.29 per share in the fourth quarter. Revenue was $157.2 million, which was less than the $178.4 million Wall Street was expecting.
APA Corporation (APA), the parent of Apache, reported fourth-quarter adjusted earnings per share of $1.15, short of the Street's $1.33 estimate.
Meanwhile, Marathon Oil (MRO) reported adjusted earnings per share of $0.69 in the fourth quarter, topped estimates of $0.65.
Nvidia (NVDA) posted better-than-expected fourth-quarter results, sending stocks like Super Micro Computer and C3.ai higher.
Expert Analysis:
Yahoo Finance's Pras Subramanian, Ines Ferré, Josh Schafer take a closer look at some of the stocks on the move in after-hours trading. For more expert insights and the latest market action, stay tuned to Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.