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Nvidia Falls From Record High Despite Estimate-Beating Results
Nvidia Falls From Record High Despite Estimate-Beating Results
11 May 2018, 02:25 AM IST
(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.
(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
To contact the reporter on this story: Jeran Wittenstein in San Francisco at jwittenstei1@bloomberg.net.
To contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.net.
©2018 Bloomberg L.P.
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