Lucid Misses Expectations While Nvidia Surprises in Earnings; Oil Stocks Mixed on Quarterly Results
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Lucid (LCID) posted a $0.29 per share loss in Q4, missing revenue expectations by over $20 million. The company expects to produce 9,000 vehicles in 2024.
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Apache parent APA Corporation reported Q4 adjusted EPS of $1.15, below estimates, while Marathon Oil (MRO) beat expectations with Q4 adjusted EPS of $0.69.
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Nvidia (NVDA) posted better-than-expected Q4 results, sending semiconductor and AI stocks like Super Micro Computer (SMCI) and C3.ai (AI) higher in after-hours trading.
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APA stock down over 2% after hours on earnings miss, while Marathon Oil rose on earnings beat.
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Nvidia gained 7% after hours on earnings beat, lifting stocks like AMD, Arm, Supermicro Computers, and C3 AI in its wake.