Nvidia Stock ( NASDAQ:NVDA )
Despite a decrease in gaming revenue of 46% year-over-year, graphics card giant Nvidia ( NASDAQ:NVDA ) announced its earnings for the fourth quarter of 2018 on Wednesday after the bell, and they beat the estimates of analysts on both the top and bottom lines.
T o make matters even better for Nvidia, the company reports that it anticipates revenue for Q1 of $6.5 billion , which is higher than the estimates provided by Wall Street of $6.35 billion.
Following the release of the report, Nvidia’s stock price increased by more than 6% almost immediately.
According to the compilation done by Bloomberg, the following are the most important numbers from the report in comparison to what Wall Street was expecting from the company.
Revenue came in at $6.05 billion, which was higher than the $6.02 billion forecast.
Earnings per share, adjusted: $0.88, compared to the $0.81 forecasted
The revenue from data centers came in at $3.62 billion, which was lower than the $3.87 billion forecast.
The gaming industry brought in $1.83 billion compared to the expected $1.6 billion.
Compared to the anticipated total of $195 million, professional visualization brought in $226 million.
The automotive and robotics industries brought in $294 million compared to the expected $267 million
The Chief Executive Officer of Nvidia, Jensen Huang, was quoted as saying in a statement that “AI is at an inflection point, setting it up for broad adoption reaching into every industry.” “We are witnessing an increase in interest in the adaptability and capabilities of ge...
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