Nonetheless, the stock has been clocking solid returns for the last one year and has gained 161.3%, outperforming the industry's gain of 34.8%. In our opinion, investors’ sentiments were shaken owing to the slowdown in the company’s Automotive segment’s revenue growth and loss of some business due to lapse of licensing agreement with Intel Corporation ( INTC Quick Quote INTC - Free Report). The year-over year robust bottom-line performance was mainly stemmed by significant revenue growth.ĭespite this, shares of NVIDIA declined nearly 7% in yesterday’s after-hours trade.
Moreover, NVIDIA reported earnings of $1.01 per share on non-GAAP basis, up nearly 91% from the year-ago quarter figure of 53 cents. On GAAP basis, the company’s earnings jumped over two-fold, year over year, to 92 cents per share from 41 cents reported in the year-ago quarter. Also, adjusted earnings increased from 44 cents reported in the year-ago quarter. This California-based graphic chip behemoth posted adjusted earnings (including stock-based compensation but excluding other one-time items) on a proportionate tax basis of 92 cents per share, handily beating the Zacks Consensus Estimate of 61 cents. The company also beat its estimates at every aspect. Continuing its earnings streak for the ninth straight quarter, NVIDIA Corporation ( NVDA Quick Quote NVDA - Free Report) reported splendid second-quarter fiscal 2018 results, wherein it not only marked a strong year-over-year improvement, but also way came ahead of the Zacks Consensus Estimate.
0 kommentar(er)
