U.S. Movers: Intuit, Nvidia Corp., and Walmart

Scott Peters
21 May, 2026
New York City

Intuit Inc. dropped 13.8% to $331.08 after the company posted its fiscal third quarter results and announced its plan to layoff about 17% of its staff. 

Revenue increased 10% to $8.6 billion from $7.8 billion, net income jumped 8% to $3.1 billion from $2.8 billion, and diluted earnings per share advanced to $11.09 from $10.02 a year ago. 

The company raised its full-year revenue to range between $21.341 billion and $21.374 billion, an increase between 13% and 14% from a year ago. 

The software company estimated full-year diluted earnings per share to range between $15.79 and $15.84. 

Nvidia Corp. edged lower by 0.1% to $223.16 after the advanced chipmaker reported better-than-expected results in the fiscal first quarter ending on April 26. 

Revenue soared 85% to $81.6 billion from $44.0 billion, net income soared 211% to $58.3 billion from $18.8 billion, and diluted earnings per share advanced to $2.39 from 76 cents a year ago. 

Data center segment revenue jumped 92% to $75.2 billion, amid sustained demand from AI hyperscalers. 

The company increased its quarterly cash dividend of 25 cents per share from 1 cent per share, payable on June 26 to shareholders on record on June 4. 

In addition, the company announced an $80 billion additional share repurchase authorization, adding to its $38.5 billion remaining in the current share repurchase authorization.

Walmart Inc. decreased 1.1% to $127.99 after the retailer reported its results for the fiscal first quarter ending in April. 

Revenue increased 7.1% to $175.7 billion from $164.0 billion, net income advanced 18.8% to $5.3 billion from $4.9 billion, and diluted earnings per share rose 20% to 67 cents from 56 cents a year ago. 

Net sales at the U.S.-based stores advanced 4.5% to $117.2 billion from $112.2 billion, and comparable sales, excluding fuel sales, increased 4.1%, driven by a 3.0% increase in transactions and a 1.1% rise in average ticket size. 

For the fiscal second quarter, the retailer guided revenue in constant currencies to rise between 4.0% and 4.5% from $175.8 billion and adjusted earnings per share to jump to between 72 cents and 74 cents from 68 cents a year ago. 

Walmart reiterated its fiscal 2027 revenue to rise between 3.5% and 4.5%, adjusted earnings per share to fall between $2.75 and $2.85, and capital expenditures of 3.5% of net sales.