Nvidia continues to fall as much as 8 percent after revenue and guidance miss

Nvidia continues to fall as much as 8 percent after revenue and guidance miss

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/11/19/nvidia-continues-to-fall-third-quarter-revenue-and-guidance-miss.html

Nvidia continued to slide as much as 8 percent Monday before settling down around 6.5 percent. The chip-maker fell as much as 19 percent Friday after missing on revenue and guidance in its third-quarter 2019 earnings report.

Nvidia was just one of several tech stocks that dipped Monday, including the FAANG stocks, some of the largest on the Nasdaq. Facebook, Apple, Amazon, Netflix and Google parent company Alphabet all slid during early trading and the Nasdaq Composite Index was down 1.6 percent.Nvidia missed revenue expectations of $3.24 billion per Refinitiv, with the company recording $3.18 billion for the quarter. CEO Jensen Huang said on a call with analysts following the report that surplus inventory contributed to lower-than-expected guidance for the next quarter, which Nvidia estimated will be $2.70 billion, plus or minus, 2 percent, excluding certain items. Analysts were expecting $3.40 billion, according to the Refinitiv consensus estimate.

Nvidia continues to fall as much as 8 percent after revenue and guidance miss

Nov 19, 2018, 5:15pm UTC
https://www.cnbc.com/2018/11/19/nvidia-continues-to-fall-third-quarter-revenue-and-guidance-miss.html > Nvidia continued to slide as much as 8 percent Monday before settling down around 6.5 percent. The chip-maker fell as much as 19 percent Friday after missing on revenue and guidance in its third-quarter 2019 earnings report. > Nvidia was just one of several tech stocks that dipped Monday, including the FAANG stocks, some of the largest on the Nasdaq. Facebook, Apple, Amazon, Netflix and Google parent company Alphabet all slid during early trading and the Nasdaq Composite Index was down 1.6 percent.Nvidia missed revenue expectations of $3.24 billion per Refinitiv, with the company recording $3.18 billion for the quarter. CEO Jensen Huang said on a call with analysts following the report that surplus inventory contributed to lower-than-expected guidance for the next quarter, which Nvidia estimated will be $2.70 billion, plus or minus, 2 percent, excluding certain items. Analysts were expecting $3.40 billion, according to the Refinitiv consensus estimate.