The company added that it slowed operating expenses during the quarter, but would continue with its stock buyback program.Īdvanced Micro Devices ( AMD) and Marvell Technology ( MRVL) both fell roughly 2% in sympathy after the weak results from Nvidia ( NVDA). "As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our gaming partners to adjust channel prices and inventory." A Bloomberg News study found EarningsWhispers to be the most accurate source of. The Wall Street Journal says EarningsWhispers is the only provider of real whisper numbers from securities analysts. "Our gaming product sell-through projections declined significantly as the quarter progressed," said Nvidia ( NVDA) Chief Executive Jensen Huang, in a statement. Shares are down 22.0 since reporting last quarter. EarningsWhispers is the most trusted source for real earnings expectations - relied on by more people than any other earnings-dedicated web site. Conversely, data center revenue rose 1% sequentially and 61% year-over-year to $3.81B. NVIDIA has generated 3.05 earnings per share over the last year (3.05 diluted earnings per share) and currently has a price-to-earnings ratio of 43.0. The upcoming earnings date is derived from an algorithm based on a company's. The company said its gaming business was the main culprit of the shortfall, as gaming revenue fell 44% sequentially and 33% year-over-year to $2.04B. Earnings announcement for NVDA: NVIDIA Corporation is estimated to report earnings on. The firm has earnings coming up pretty soon, and events are. Nvidia ( NASDAQ: NVDA) shares plunged 8% on Monday after the graphics chipmaker preannounced weaker-than-expected second-quarter revenue driven mostly by what the company said was disappointing gaming sales.įor the period ending July 31, Nvidia ( NVDA) said it generated $6.7B in revenue, down 19% from a year ago, compared to expectations of $8.1B. Investors are always looking for stocks that are poised to beat at earnings season and NVIDIA Corporation NVDA may be one such company.
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