| | | Nvidia Rising as FYQ4, Forecast Crush Estimates -- Barron's Blog
DOW JONES & COMPANY, INC. 4:23 PM ET 2/8/2018
Symbol Last Price Change |
| NVDA | 217.52 | -11.28 (-4.93%) | | QUOTES AS OF 04:00:00 PM ET 02/08/2018 |
Graphics chip maker Nvidia(NVDA) this afternoon reported fiscal Q4 revenue and profit that easily topped expectations, but also offered a view for this quarter's revenue well above consensus, sending its stock higher in late trading.
Revenue in the three months ended in January rose to $2.91 billion, yielding EPS of $1.72, excluding some costs.
Analysts had been modeling $2.678 billon and EPS of $1.16.
For the current quarter, the company sees revenue of $2.9 billion, plus or minus two percent, it said, well ahead of the average $2.464 billion estimate.
Nvidia (NVDA) stock is up $6.47, or 3%, at $224.40.
More at Barron's Tech Trader Daily blog, barrons.com
Nvidia shares rally more than 5% after big earnings, outlook beat
MARKETWATCH 4:25 PM ET 2/8/2018
[EDIT: NVDA is now up more than 10% AH, at $238.40-239.50]
[EDIT 2: Whoops, now it is over $242! Its flying! Looks like
it may make a new high tomorrow.]
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