Stock Groups

NVIDIA Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

[ad_1]

© Reuters NVIDIA Earnings, Revenue Beat in Q3

NVIDIA (NASDAQ) reported Wednesday that the third quarter beat analyst forecasts, and that revenue exceeded expectations.

NVIDIA reported earnings per share at $1.17 on $7.1B in revenue. Investing.com polled analysts and predicted an EPS of $1.11 for $6.82B in revenue.

NVIDIA shares rose 124% over the first of the year but are down 9.48% from their 52-week peak of $323.10, set on November 9th. They are outperforming the S&P 500 which is up 24.89% from the start of the year.

After-hours trading saw NVIDIA share gains of 2.36% following the report.

NVIDIA is following other important earnings in the Information Technology sector this month

NVIDIA’s earnings beat was achieved by Microsoft in October 26th, when they reported an EPS of 2.27 for revenue $45.32B. This compares to Microsoft’s forecasts of an EPS at $2.08 for revenue $44B.

Apple exceeded expectations with fourth-quarter EPS at $1.24 per $13.36B on revenue $83.36B. This compares to the $1.24 expected on revenue $85.05B.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]