Global Business and Financial News, Stock Quotes, and Market Data and Analysis."Going forward, we will probably reach normalized levels for gaming, somewhere between Q2 and Q3, similar to our discussion that we had back at Analyst Day, at the beginning of the quarter," she said.Sign up for free newsletters and get more CNBC delivered to your inboxFollowing those comments Nvidia's stock moved lower but did not lose all of its post-earnings gains.Kevin Cassidy of Stifel wrote in a Monday note that Nvidia likely cleared out channel inventories in the quarter for its graphics processing units for gaming. "The Data Center spending pause around the world will likely persist in the second quarter and visibility remains low."Get this delivered to your inbox, and more info about our products and services.With respect to guidance, Nvidia is calling for revenue of $2.55 billion, plus or minus 2%, in the fiscal second quarter, which implies a year-over-year decline of 18.3%.
NVIDIA stock surges on Q1 earnings beat aided by a rebound in the gaming market May 16, 2019 April 16, 2020 NVIDIA Corporation ( NVDA ) surprised investors with an earnings beat in the first quarter resulting in the stock surging above 5% after the bell.
ET. NVIDIA today reported revenue for the first quarter ended April 28, 2019, of $2.22 billion compared with $3.21 billion a year earlier and $2.21 billion in the previous quarter. Good … Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. We want to hear from you.Kress also pointed to challenges Nvidia faces in gaming.Data is a real-time snapshot *Data is delayed at least 15 minutes. Contents: ... and welcome to NVIDIA's Conference Call for the First Quarter of Fiscal 2020. However, it's difficult to compare reported earnings to analyst estimates as the coronavirus pandemic continues to affect global economies and makes earnings impact difficult to assess.Nvidia said on Thursday that it is evaluating the "timing" of its share repurchase program and that it will continue to pay dividends."Gaming and workstation growth are directly tied to competitive products and the need to work, govern and school from home," Patrick Moorhead, president and principal at Moor Insights & Strategy, said.Got a confidential news tip? The consensus EPS Estimate is $1.68 (+90.9% Y/ We want to hear from you.Data is a real-time snapshot *Data is delayed at least 15 minutes.
Not including the after-hours move, Nvidia shares are up more than 50% for the year while the S&P 500 is has fallen more than 8%.Under Nvidia's fiscal calendar, the quarter ended on April 26, over a month after widespread lockdowns in the United States and other countries started. "Despite the uneven demand backdrop, the quarter had significant positives."Nvidia said its gaming segment exited the quarter with $1.06 billion in revenue, down 39% year over year but above the $933.5 million consensus among analysts polled by FactSet.Net income in the quarter excluding certain items fell to $543 million, or 88 cents per share, from $1.29 billion, or $2.05 per share.Nvidia's stock is up 20% since the beginning of the year, but is still about 45% off its record high reached in October."Our Q2 outlook is somewhat lower than our expectation earlier in the quarter, when our outlook for fiscal 2020 revenue was flat to down slightly from fiscal 2019," Nvidia's chief financial officer, Colette Kress, told analysts on a Thursday conference call. Q1 2020 Earnings Call May. GAAP earnings per diluted share for the quarter were $0.64, compared with $1.98 a year ago and $0.92 in the previous quarter. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. NVIDIA Corp (NASDAQ:NVDA) Q1 2021 Earnings Call May 21, 2020, 5:30 p.m. Analysts surveyed by Refinitiv were looking for $2.54 billion in fiscal second-quarter revenue.
16, 2019, 5:30 p.m. Kress said there was a slowdown in spending on among so-called hyper-scale providers -- companies that operate popular online services for consumers or cloud infrastructure for third-party developers.Got a confidential news tip? The company said that its employees are working from home "very effectively."Nvidia expects to report about $3.65 billion in revenue in its second fiscal quarter with gross margins around 58.6%.The stock fell over 1% in after-hours trading after losing a little more than 2% on the day.Last year during its first fiscal quarter, Nvidia reported adjusted earnings per share of $0.88 on revenue of $2.22 billion.Wall Street had anticipated adjusted earnings per share of $1.69 on revenue of $3 billion, according to Refinitiv consensus estimates.
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