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Nvidia reported second quarter earnings that missed Wall Street expectations for revenue and earnings per share.
The report is in line with Nvidia’s preliminary earnings two weeks ago. The chipmaker warned that it would miss Wall Street estimates and that growth had slowed significantly because of disappointing gaming sales driven by macroeconomic conditions. It also warned its gross margin would drop.
Nvidia missed on revenue but Refinitiv estimates didn’t change after the company warned on guidance and said it expected to report $6.7 billion in the quarter. Nvidia stock fell over 4% in extended trading.
Here’s how Nvidia did versus Refinitiv consensus estimates:
- EPS: $0.51, adjusted,…
Source cnbc.com
