Nvidia: issues profit warning
(CercleFinance.com) - On Monday Nvidia made a profit warning for its Q4 2018 results, with the supplier of programmable graphics processors reporting revenues from gaming and data centers that fell short of its expectations.
It now expects sales of 2.20 billion dollars (+/- 2%), against about 2.70 billion dollars, with an adjusted gross margin of 56% (+/- 100 bp, instead of 62.5% (+/- 50bp).
This fourth quarter has been extraordinarily and unusually turbulent and disappointing, said CEO and founder Jensen Huang, who is confident, however, that he is confident in the future in his strategy and growth drivers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
It now expects sales of 2.20 billion dollars (+/- 2%), against about 2.70 billion dollars, with an adjusted gross margin of 56% (+/- 100 bp, instead of 62.5% (+/- 50bp).
This fourth quarter has been extraordinarily and unusually turbulent and disappointing, said CEO and founder Jensen Huang, who is confident, however, that he is confident in the future in his strategy and growth drivers.
Copyright (c) 2019 CercleFinance.com. All rights reserved.