Graphics chip giant Nvidia (NVDA) announced its Q3 earnings after the closing bell on Wednesday, beating analysts’ expectations on revenue, but falling short on earnings per share. Here’s how the company performed compared to Wall Street’s estimates, as compiled by Bloomberg:
Revenue: $5.93 billion versus $5.79 billion expected
Adjusted EPS: $0.58 versus $0.70 expected
Gaming revenue: $1.57 billion versus $1.32 billion expected
Data Center revenue: $3.83 billion versus $3.7 billion expected
Nvidia Q4 revenue guidance fell just short of Wall Street expectations, coming in at $6 billion. Analysts were hoping for $6.09 billion.
Shares of Nvidia were up roughly 2% following the report.
Data Center revenue jumped some 31% year-over-year in the quarter, but gaming revenue collapsed 51% year-over-year
Chip stocks have been hammered this year, as consumer and business demand for electronics has ebbed following the explosive growth the industry saw during the pandemic. Consumers don’t need as…
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