Earnings

Nvidia (NVDA) earnings Q3 2023

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Bernstein's Stacy Rasgon weighs in on Nvidia's fourth quarter earnings

Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.

Nvidia stock rose 1% in extended trading.

Here’s how the company did versus Refinitiv consensus estimates:

  • EPS: $0.58, adjusted, versus $0.69 expected
  • Revenue: $5.93 billion, versus $5.77 billion expected

Nvidia said it expected about $6 billion in sales in the fourth quarter, lower than Refinitiv consensus estimates of $6.09 billion.

Gross margin for the third quarter was down 11.6 percentage points to 53.6%, which the company attributed to taking an inventory charge because of low demand for data center chips in China….



Source cnbc.com

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