Earnings

Nvidia warns on second-quarter revenue, shares dip

0


Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.7 billion, well below its initial outlook of $8.1 billion.  

The chipmaker said the shortfall primarily reflects weaker-than-forecast gaming revenue, which is down 44% sequentially and 33% from the prior year. Nvidia said the report is “primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds.”

It also said its data enter segment has been impacted by supply chain disruptions and preliminary revenue of $3.81 billion is below the company’s expectations. That figure is still up…



Source cnbc.com

0 0 votes
Article Rating

CapitaLand Investment says investments slowing amid economic red flags

Previous article

NHTSA head Cliff is leaving to run California Air Resources Board

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings