Nvidia Slightly Exceeds Revenue and Earnings Estimates... Stock Price Weakens
Third-Quarter Guidance Raised
Stock Weakens in After-Hours Trading
On the 27th (local time), Nvidia announced that its revenue for the second quarter of the fiscal year (May to July) reached $46.74 billion, with earnings per share (EPS) at $1.05. These figures exceeded Wall Street expectations compiled by market research firm LSEG, which had projected revenue of $46.06 billion and EPS of $1.01.
Nvidia forecasted that its third-quarter revenue would be approximately $54 billion, surpassing Wall Street’s projection of $53.1 billion.
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Nvidia’s stock price closed at $181.60, down 0.1% in regular trading on the same day, and as of 4:30 p.m., it had fallen by more than 2% in after-hours trading.
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