Nvidia: Q2 results exceed expectations
(CercleFinance.com) - On Thursday evening Nvidia unveiled Q2 adjusted (non-GAAP) net income that almost doubled (+90%) to 1.
21 billion dollars, or 1.94 dollar per share, with EPS ten cents above the consensus.
The programmable graphic processor provider benefited from both a 40% increase in revenues to 3.12 billion dollars and a 4.9-point improvement in its adjusted gross margin to 63.5%.
For the current quarter, Nvidia's management expects revenues of 3.25 billion dollars (plus or minus 2%), with an adjusted gross margin of 62.8% (plus or minus 50 bp).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
21 billion dollars, or 1.94 dollar per share, with EPS ten cents above the consensus.
The programmable graphic processor provider benefited from both a 40% increase in revenues to 3.12 billion dollars and a 4.9-point improvement in its adjusted gross margin to 63.5%.
For the current quarter, Nvidia's management expects revenues of 3.25 billion dollars (plus or minus 2%), with an adjusted gross margin of 62.8% (plus or minus 50 bp).
Copyright (c) 2018 CercleFinance.com. All rights reserved.