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NVIDIA (NVDA) Q1 Earnings Top, Revenues Miss, Q2 View Upbeat
NVIDIA NVDA delivered first-quarter fiscal 2020 non-GAAP earnings per share of 88 cents, which topped the Zacks Consensus Estimate of 82 cents but tumbled 57% from the year-ago period. However, the metric improved 10% sequentially.
Meanwhile, revenues declined 31% year over year to $2.21 billion and also lagged the Zacks Consensus Estimate of $2.25 billion. Excess channel inventory post-crypto coupled with recent deteriorating end-market conditions impacted results.
While growth across Professional Visualization and Automotive segments was positive, a sharp downtrend in the Gaming and Data Center segment was a spoiler.
However, the company expects the second half to be stronger than the first. Further, the bullish guidance for the fiscal second quarter provided by the management is a respite. The company is expecting a recovery in its core gaming segment, backed by solid growth in mid-end gaming.
Notably, for the fiscal second quarter, NVIDIA anticipates revenues of $2.55 billion (+/-2%), above the current Zacks Consensus Estimate of $2.51 billion.
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https://finance.yahoo.com/news/nvidia-nv...03983.html
![[Bild: NVDAc1dl1717.png]](https://finviz.com/publish/051719/NVDAc1dl1717.png)
NVIDIA NVDA delivered first-quarter fiscal 2020 non-GAAP earnings per share of 88 cents, which topped the Zacks Consensus Estimate of 82 cents but tumbled 57% from the year-ago period. However, the metric improved 10% sequentially.
Meanwhile, revenues declined 31% year over year to $2.21 billion and also lagged the Zacks Consensus Estimate of $2.25 billion. Excess channel inventory post-crypto coupled with recent deteriorating end-market conditions impacted results.
While growth across Professional Visualization and Automotive segments was positive, a sharp downtrend in the Gaming and Data Center segment was a spoiler.
However, the company expects the second half to be stronger than the first. Further, the bullish guidance for the fiscal second quarter provided by the management is a respite. The company is expecting a recovery in its core gaming segment, backed by solid growth in mid-end gaming.
Notably, for the fiscal second quarter, NVIDIA anticipates revenues of $2.55 billion (+/-2%), above the current Zacks Consensus Estimate of $2.51 billion.
...
https://finance.yahoo.com/news/nvidia-nv...03983.html
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