Nvidia Earnings Beat Overshadows Soft Guidance

Investing.com – NVIDIA Corporation (NASDAQ:NVDA) reported second-quarter earnings on Thursday that beat analysts’ expectations, though guidance fell short of Wall Street estimates.

© Reuters.  NVIDIA Earnings, Revenue Beat in Q2

© Reuters.  NVIDIA Earnings, Revenue Beat in Q2© Reuters. NVIDIA Earnings, Revenue Beat in Q2

Investing.com – NVIDIA Corporation (NASDAQ:NVDA) reported second-quarter earnings on Thursday that beat analysts’ expectations, though guidance fell short of Wall Street estimates.

The chipmaker said it expected third-quarter revenues in the range of $2.842 billion to $2.958 billion, below estimates from S&P Capital IQ Consensus of $2.98 billion, with margins expected to be in the range of 62% to 63%.

NVIDIA (NASDAQ:NVDA) prelim Q2 $1.24 vs $1.15 S&P Capital IQ Consensus Estimate; revs $2.58 bln vs $2.55 bln S&P Capital IQ Consensus Estimate
$2.98

The firm reported earnings per share of $1.24 on revenue of $2.58 billion. Analysts polled by Investing.com anticipated earnings per share of $1.14 on revenue of $2.55 billion. That compared to earnings per share of $1.76 on revenue of $3.12 billion in the same period a year earlier. The company had reported earnings per share of $0.88 on revenue of $2.22 billion in the previous quarter.

NVIDIA (NASDAQ:NVDA) shares gained 5.85% to trade at $157.47 in after-hours trade following the report.

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