Nvidia Falls From Record High Despite Estimate-Beating Results
(Bloomberg) -- Nvidia slumped 1.9 percent in after-hours trading despite first-quarter earnings and revenue that beat estimates and a sales forecast that was better than analysts expected.
- Gaming revenue grew 68 percent year-over-year to $1.72 billion; average analyst estimate was $1.55 billion, according to B. Riley FBR
- Data center revenue grew 71 percent year-over-year to $701 million; average analyst estimate was $653 million, according to Evercore ISI
- Nvidia had gained 15 percent in the last six trading days, as of Thursday’s close
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