NVIDIA Stock Relentlessly Keeps Powering Ahead (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) rallied $10.48, or 15.44%, to $78.31 in extended hours trading after it reported 2017 fiscal-third quarter earnings. The graphics chip pioneer handed in earnings of $0.94 per share on revenue of $2.00 billion, up 54 percent from a year ago, beating Wall Street estimates of $0.68 per share on revenue of $1.69 billion. Net income came in at $542 million, or $0.83 per share from $246 million, or $0.44 per share, a year earlier. Gross profit margin, on a non-GAAP basis, was 59.2%, up from 56.5% on a y/y basis. Meanwhile, revenue from the “datacenter” business, including categories such as Artificial Intelligence, grew to $240 million, up 193% from the previous year. Its automotive business grew 61% year-over-year (y/y) to $127 million. Its video game segment, the biggest…

Link to Full Article: NVIDIA Stock Relentlessly Keeps Powering Ahead (NVDA)

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!