The Traderszone Network

Published in TZ Latest News 10 August, 2017 by The TZ Newswire Staff

Here’s Why NVIDIA Corporation Stock Dropped After Earnings

On Aug. 10, graphics specialist NVIDIA (NASDAQ: NVDA) reported solid earnings results. Revenue was $2.23 billion, representing a 56% year-over-year surge. Operating and net income handily outpaced revenue growth, growing 117% and 123%, respectively, and earnings per share on a non-GAAP basis was $1.01, up 91% year over year.

Analyst consensus going into the report was for revenue of $1.96 billion and earnings per share of $0.70, so NVIDIA handily crushed analyst expectations.

Image source: NVIDIA.

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