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Nvidia Touts Data Center Growth as Q3 Results Top Estimates

Stock Markets Nov 14, 2019 04:40PM ET
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© 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.

Nvidia Touts Data Center Growth as Q3 Results Top Estimates
 

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Comments (5)
dp dp
dp dp Oct 29, 2021 3:51AM ET
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retrace time yall
John Chigozie
John Chigozie Oct 24, 2021 5:19PM ET
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its a $2k stock
Boura Traore
Boura Traore Oct 24, 2021 5:19PM ET
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tiva
Ezra Sharon
Ezra Sharon Oct 24, 2021 5:19PM ET
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How much more potential for growth is there?
Jeff Page
Jeff Page Oct 24, 2021 5:19PM ET
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with ARM approval quite a bit. I wish they weren't fabless.
Zinzi Siswana
Zinzi Siswana Oct 19, 2021 8:12AM ET
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Its a $1k stock
Mohammed Haruna
Mohammed Haruna Oct 18, 2021 11:56PM ET
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haa
Boura Traore
Boura Traore Oct 18, 2021 11:56PM ET
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Michael Feeney
Michael Feeney Oct 16, 2021 10:47AM ET
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How much upside is there for the next couple of quarters? Ita been very volatile these last few months… now @218
Rl Edwards
Rl Edwards Oct 16, 2021 10:47AM ET
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Rl Edwards
Rl Edwards Oct 16, 2021 10:47AM ET
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Not sure
Nonnamil Gaby
Nonnamil Gaby Oct 16, 2021 10:47AM ET
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Probability intake
 
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