Thursday, August 11, 2016

NVIDIA (NVDA) Tops Q2 EPS by 16c; Issues Q3 Outlook

In early afterhours action the stock is up 3% at $61.49.
From StreetInsider:
NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $0.53, $0.16 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.35 billion.
NVIDIA's outlook for the third quarter of fiscal 2017 is as follows:
  • Revenue is expected to be $1.68 billion, plus or minus two percent. (The Street sees revenue of $1.425 billion.)
  • GAAP and non-GAAP gross margins are expected to be 57.8 percent and 58.0 percent, respectively, plus or minus 50 basis points.

Here's the release, we'll be back with more.