NVIDIA Earnings Miss, Revenue Beats In Q3 By Investing.com
© Reuters NVIDIA Earnings Miss, Revenue Beats In Q3
Investing.com – NVIDIA (NASDAQ:) reported on Wednesday third quarter that missed analysts’ forecasts and revenue that topped expectations.
NVIDIA announced earnings per share of $0.58 on revenue of $5.93B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $5.8B.
NVIDIA shares are down 45% from the beginning of the year, still down 54.08% from its 52 week high of $346.47 set on November 22, 2021.
NVIDIA shares lost 0.06% in after-hours trade following the report.
NVIDIA follows other major Information Technology sector earnings this month
NVIDIA’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar