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Excellent! From barrons.com: Nvidia Surges 10% after hours: FYQ2 Rev, EPS Beat; Q3 View BeatsBy Tiernan RayShares of graphics chip pioneer Nvidia (NVDA) are surging, up $1.95, or almost 10%, at $22.40, in late trading, after the company this afternoon reported fiscal Q2 revenue and earnings that easily topped expectations, and projected this quarter’s revenue higher as well. Revenue in the three months ended in July rose 5%, year over year, to $1.15 billion, yielding EPS of 34 cents, excluding some costs. Analysts had been modeling $1.01 billion and 21 cents a share. CEO Jen-Hsun Huang remarked that the company demonstrated “strong performance in a challenging environment,” a reflection of “NVIDIA’s success in creating specialized visual computing platforms targeted at important growth markets.” Continued Huang, Our gaming platforms continue to be fueled by growth in multiple vectors — new technologies like 4K and VR, blockbuster games with amazing production values, and increasing worldwide fan engagement in e-sports. We’re working with more than 50 companies that are exploring NVIDIA DRIVE to enable self-driving cars. And our GPU-accelerated data center platform continues to make great strides in some of today’s most important computing initiatives — cloud-based virtualization and high performance computing applications like deep learning. Visual computing continues to grow in importance, making our growth opportunities more exciting than ever. For the current quarter, the company projects revenue of $1.18 billion, “plus or minus two percent.” That compares to the average estimate for $1.099 billion. The company sees its non-GAAP gross profit margin declining slightly to 56.2% from 56.6% last quarter, plus or minus 50 basis points. |
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