News Formal

Nvidia Stock Earnings Preview: NVDA strongly biased to downside ahead of Q2 results

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Nvidia will release official Q2 earnings after the close on August 24. Wall Street consensus is for adjusted EPS of $0.52 on $6.7 billion in sales, $NVDA pre-reported Q2 revenue due to demand weakness by claymarkets stocks trading

Wall Street consensus is for adjusted EPS of $0.52 on $6.7 billion in sales.earnings for the second fiscal quarter of 2023are flat in the premarket at $171.76 as the leading fabless semiconductor designer already released preliminary results at the beginning of the month. This was due to material weakness in the semiconductor market that was serious enough for management to try and pre-empt a major sell-off.

Wall Street consensus is for adjusted EPS of $0.52 for the quarter, which is well behind adjusted EPS of $1.04 in the second quarter last year.is one reason why investors could easily be caught with their pants down. The market has appeared to take the news in stride as if one bad quarter will assuredly be followed by a certain turnaround in fortunes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Snowflake Earnings Preview: Market positive on SNOW ahead of Q2 resultsSnowflake releases Q2 results after Wednesday close, $SNOW stock advances 3% ahead of Q2 results. The popular data warehouse stock has suddenly been the target of negative analyst reports by claymarkets stocks trading
Source: FXStreetNews - 🏆 14. / 72 Read more »

Read this list of stock-market pros and cons to gauge if the summer rally is over, or just getting startedIs there still room for stocks to race ahead?
Source: MarketWatch - 🏆 3. / 97 Read more »

RBC profits slip on market volatility, shored-up loan loss provisionsAn earnings drop in personal, commercial banking and insurance, plus rising salaries and technology investments weighed on results. Read on.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »