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Nvidia: Q2 EPS exceeds expectations

(CercleFinance.com) - On Thursday night Nvidia unveiled Q2 2019-20 adjusted net income (non-GAAP) that is down 37% at 762 million dollars, i.
e. 1.24 dollar per share. Even though lower, EPS nevertheless beat the consensus by ten cents.

The graphic processing unit designer suffered from a 17% decrease in revenues, which reached 2.58 billion dollars, with a 3.4-point decline in adjusted gross margin to 60.1 %.

For the current quarter, Nvidia expects revenues of 2.90 billion dollars (plus or minus 2%), and an adjusted gross margin of 62.5% (plus or minus 50 bp).


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