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After Hours Trading: Intel and CVS Update Earnings Forecasts

After Hours Trading: Intel and CVS show mixed results. Intel sees a rise with significant volume, while CVS has seen positive EPS revisions, indicating potential stock performance boost.

Date: 
AI Rating:   6

Market Overview: The NASDAQ 100 After Hours Indicator declined by 19.71 to 19,576.31, indicating a general downtrend in after-hours trading. The substantial total after-hours volume of 126,370,439 shares traded suggests significant investor activity.

Key Companies and Their Performance:

  • Intel Corporation (INTC): The stock increased by 2.62, closing at $23.30 with a volume of 11,611,126 shares. This uptick could indicate positive investor sentiment or news affecting the stock.
  • CVS Health Corporation (CVS): The company has recorded 6 up revisions for the earnings forecast, which may lead to confidence among investors. The consensus EPS forecast stands at $1.62 for the quarter ending in March 2025, hinting at potential future earnings strength that could enhance the stock price.

While stocks like NVIDIA, and Apple remained unchanged, and Lumen Technologies showed a slight decrease, the positive revisions in earnings forecasts for Intel and CVS may signal that investors are reacting favorably to expected performance improvements. The consensus EPS forecast for NVIDIA is $0.87, but there is no information on actual performance results that could move the stock confidently in either direction.

The overall mixed performance and revisions indicate potential volatility as investors digest the data. Companies like Tesla, Norwegian Cruise Line, and Comcast experienced minimal changes, reflecting uncertainty or consolidation in their current valuations.