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Nvidia stock was down 2% heading into its third-quarter earnings report. The intra-day decline was more than triple the Nasdaq's 0.6% decline, and far outpaced the S&P 500's 0.4% dip.
Nvidia beats 2nd quarter revenue and earnings-per-share estimates, but sales outlook for Q3 didn't surpass the highest of expectations. 2nd quarter Revenue: $30.04 billion, estimate $28.86 billion
Check out Dan Howley's Reddit AMA about Nvidia's latest earnings report ... Reddit AMA tomorrow at 10 a.m. ET on the r/stockmarket subreddit to chat live about all things Nvidia. ... USA TODAY Sports.
This report came after the stock closed at a record high of $504.09 per share on Monday. Nvidia stock fell about 0.9% on Tuesday ahead of the results along with the broader market.
Nvidia reported adjusted earnings per share of $0.68 on revenue of $30 billion in its fiscal second quarter. Analysts were expecting EPS of $0.64 and revenue of $28.8 billion.
That was the question that had investors watching Nvidia’s earnings report like it was a second Super Bowl on Wednesday. ... And CEO Jensen Huang & Co. managed to live up to Wall Street’s rosy ...