Nvidia: Q3 beats consensus
(CercleFinance.com) - On Thursday night Nvidia unveiled Q3 2019-20 adjusted net income (non-GAAP) that is down 4% at 1.
1 billion dollars, or 1.78 dollar per share, albeit EPS that is still twenty cents above the consensus.
The provider of programmable graphic processors suffered a 5% drop in revenues to 3.01 billion dollars, while its adjusted gross margin improved by 3.1 points to 64.1%.
For the current quarter, Nvidia says that it expects sales of 2.95 billion dollars (plus or minus 2%), and an adjusted gross margin of 64.5% (plus or minus 50 bp).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1 billion dollars, or 1.78 dollar per share, albeit EPS that is still twenty cents above the consensus.
The provider of programmable graphic processors suffered a 5% drop in revenues to 3.01 billion dollars, while its adjusted gross margin improved by 3.1 points to 64.1%.
For the current quarter, Nvidia says that it expects sales of 2.95 billion dollars (plus or minus 2%), and an adjusted gross margin of 64.5% (plus or minus 50 bp).
Copyright (c) 2019 CercleFinance.com. All rights reserved.