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dp dp
Oct 29, 2021 3:51AM ET
retrace time yall
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🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
Nvidia Touts Data Center Growth as Q3 Results Top Estimates
© Reuters. NVIDIA Earnings, Revenue Beat in Q3
Investing.com - Nvidia reported fiscal third-quarter results after the bell Thursday that topped expectations, led by strong demand in gaming. The chipmaker also offered an upbeat outlook on performance in its fast-growing data center business.
The company reported earnings per share of $1.78 on revenue of $3.01 billion. Analysts polled by Investing.com expected EPS of $1.58 on revenue of $2.92 billion. That compared to EPS of $1.97 on revenue of $3.18 billion in the same period a year earlier. The company had reported EPS of $1.24 on revenue of $2.58 billion in the previous quarter.
The chipmaker attributed the results to its gaming business, with CEO Jensen Huang saying demand from hyperscale customers powered third-quarter results.
Looking ahead, the company said strong sequential growth is expected in data center, offset by a seasonal decline in GeForce notebook GPUs and SoC modules for gaming platforms.
For the fiscal first quarter, the company forecast revenue of $2.95 billion, give or take 2%. That was short of estimates from S&P Capital IQ for $3.08 billion.
Shares were up about 1% in postmarket trading.
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Comments (5)
John Chigozie
Oct 24, 2021 5:19PM ET
its a $2k stock
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Boura Traore
Oct 24, 2021 5:19PM ET
tiva
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Ezra Sharon
Oct 24, 2021 5:19PM ET
How much more potential for growth is there?
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Jeff Page
Oct 24, 2021 5:19PM ET
with ARM approval quite a bit. I wish they weren't fabless.
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Zinzi Siswana
Oct 19, 2021 8:12AM ET
Its a $1k stock
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Mohammed Haruna
Oct 18, 2021 11:56PM ET
haa
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Boura Traore
Oct 18, 2021 11:56PM ET
55
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Michael Feeney
Oct 16, 2021 10:47AM ET
How much upside is there for the next couple of quarters? Ita been very volatile these last few months… now @218
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Rl Edwards
Oct 16, 2021 10:47AM ET
Ha
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Rl Edwards
Oct 16, 2021 10:47AM ET
Not sure
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Nonnamil Gaby
Oct 16, 2021 10:47AM ET
Probability intake
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