Nvidia Rises, Cava Group Gains, Lowe's Falls on Modest Sales Gain
On this episode of Stock Movers:
- Nvidia (NVDA) the world’s most valuable company, will give a much-anticipated update on the state of the artificial intelligence economy when it reports first-quarter results on Wednesday. Sales are estimated to have grown 80% in the period. That's the fastest clip in more than a year.
-Cava Group (CAVA) shares rise. Cava Group Inc. raised its annual sales outlook after diners flocked to its restaurants in the first quarter, defying the crunch in consumer budgets. The Mediterranean chain expects same-store sales to rise as much as 6.5%, up from an earlier forecast of 5% growth at most.
- Lowe's (LOW) shares fall. Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, with comparable sales rising 0.6% during the period. The company kept its full-year outlook unchanged, with earnings per share expected to be between $12.25 to $12.75, and adjusted earnings per share of $3.03 topping Wall Street expectations.
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