NVIDIA Earnings: Here’s Why the Stock is Falling Now
NVIDIA Corporation (NASDAQ:NVDA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.16%.
NVIDIA Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15.15% to $0.28 in the quarter versus EPS of $0.19 in the year-earlier quarter.
Revenue: Rose 16.14% to $1.11 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: NVIDIA Corporation reported adjusted EPS income of $0.28 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $1.1 billion.
Quoting Management: “This year we did the best work in our company’s history,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “We achieved record revenues, margins and cash, despite significant market headwinds.
Key Stats (on next page)…