NVIDIA Cruises Past Estimates
NVIDIA Corporation (NASDAQ: NVDA) was bought up ahead of earnings as investors ran the stock up over 3% in the regular trading session. The graphics and processor outfit turned in earnings of $0.27 on adjusted earnings per share and its…
The move into smaller and mobile computing appears to be paying off. That is particularly the case if you look at NVIDIA’s sales targets ahead.
The company also aid that non-GAAP gross margin was 52% and it gave guidance of $1.15 billion to $1.25 billion for the quarter ahead. Thomson Reuters had estimates of $0.22 EPS and $1.09 billion in revenue.
Shares closed up 3.3% at $14.70 and the 52-week range is $11.47 to $16.90. Investors are so far cheering the news and shares are trading up almost 5% at $15.39 in the after-hours trading session. We would note that share initially jumped to over 6% in the after-hours post-news reaction.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
