Jensen Huang, president and CEO of Nvidia, speaks during the Computex Show in Taipei on May 30, 2017.stock rose 6% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings.$1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv.Nvidia's revenue fell 17% on an annualized basis in the quarter, which ended on July 28, according to a statement.
With respect to guidance, Nvidia says that in the fiscal third quarter it expects $2.90 billion in revenue, plus or minus 2%. That's below the $2.97 billion consensus estimate among analysts polled by Refinitiv. Nvidia said it estimates gross margin in the fiscal third quarter to be 62.5%, plus or minus 50 basis points; analysts polled by FactSet had been looking for 60.2%.
Prior to earnings, shares of Nvidia had risen 11% since the start of 2019. In the fiscal second quarter Nvidia announced
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Nvidia RTX cards are coming up Huge; my next tech purchase will have an Nvidia RTX card in it. Now setup that cloud Graphics Card platform..
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