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Nvidia stock drops 15% as earnings, outlook miss
Nvidia Corp. NVDA, -16.64% shares plunged in the extended session Thursday after the chipmaker's earnings and outlook fell short of Wall Street estimates. Nvidia shares plunged 16% after hours, following a 2.6% rise to close the regular session at $202.39. The company reported third-quarter net income of $1.23 billion, or $1.97 a share, compared with $838 million, or $1.33 a share, in the year-ago period. On a fully adjusted basis, which strips out stock compensation, earnings were $1.84 a share. Revenue rose to $3.18 billion from $2.64 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast fully adjusted earnings of $1.93 a share on revenue of $3.24 billion. For the fourth quarter, Nvidia expects revenue of $2.65 billion to $2.75 billion, while analysts had forecast revenue of $3.4 billion.
https://www.marketwatch.com/story/nvidia...atest_news
![[Bild: chart.ashx?t=NVDA&ty=c&ta=1&p=d&s=l]](https://finviz.com/chart.ashx?t=NVDA&ty=c&ta=1&p=d&s=l)
Nvidia Corp. NVDA, -16.64% shares plunged in the extended session Thursday after the chipmaker's earnings and outlook fell short of Wall Street estimates. Nvidia shares plunged 16% after hours, following a 2.6% rise to close the regular session at $202.39. The company reported third-quarter net income of $1.23 billion, or $1.97 a share, compared with $838 million, or $1.33 a share, in the year-ago period. On a fully adjusted basis, which strips out stock compensation, earnings were $1.84 a share. Revenue rose to $3.18 billion from $2.64 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast fully adjusted earnings of $1.93 a share on revenue of $3.24 billion. For the fourth quarter, Nvidia expects revenue of $2.65 billion to $2.75 billion, while analysts had forecast revenue of $3.4 billion.
https://www.marketwatch.com/story/nvidia...atest_news
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