Electronics

Nvidia trounces estimates for earnings and revenue, shares still tank 8%

Nvidia trounces estimates for earnings and revenue, shares still tank 8%

The shares were sold at an average price of $164.53, for a total transaction of $8,226,500.00.

But while revenue in the traditional graphic card business came on strong, the other problem for investors was in the company's fast-growing data center business. Proficio Capital Partners LLC boosted its stake in NVIDIA Corporation by 186.1% in the first quarter. Pinebridge Lp owns 10,520 shares or 0.03% of their USA portfolio. British Columbia Investment Mgmt owns 0.31% invested in NVIDIA Corporation (NASDAQ:NVDA) for 333,754 shares. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Ontario - Canada-based Canada Pension Plan Inv Board has invested 0.04% in NVIDIA Corporation (NASDAQ:NVDA). The stock declined 1.33% or $2.29 reaching $169.82 per share.

The shares of NVIDIA Corporation (NASDAQ:NVDA) have been on a surge all year. NVDA has recorded a 50-day average of $159.41 and a two hundred day average of $126.75.

Since March 1, 2017, it had 0 insider buys, and 12 sales for $67.52 million activity. The stock of NVIDIA Corporation (NASDAQ:NVDA) has "Neutral" rating given on Tuesday, September 20 by Susquehanna.

NVIDIA Corporation (NASDAQ:NVDA) last released its quarterly earnings results on Tuesday, May 9th.

Typically, when people in the financial media talk about earnings "beats" and "misses", they are referring to a company's financial results relative to the estimates that sell-side analysts (this refers to the analysts that you see upgrading, downgrading, and rating stocks - they aren't necessarily analysts that have "sell" ratings on the stock) put out there. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%.

NBC to Resurrect "The Munsters"
Kargman was the one to come up with the new idea, and she later teamed up with Meyers and NBC. In 2012, NBC ordered a remake of the '60s sitcom from Bryan Fuller called Mockingbird Lane .

The Santa Clara, California-based company's revenue rose for the fifteenth consecutive quarter to $2.23 billion from $1.43 billion.

On a non-GAAP basis, NVIDIA 2Q F2018 earnings rose to $1.01 per share from 53 cents per share a year ago. NVIDIA Corporation's revenue was up 48.7% compared to the same quarter past year. On average, equities research analysts anticipate that NVIDIA Corporation will post $3.10 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by BNB Daily and is the property of of BNB Daily. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and worldwide trademark and copyright laws. Broderick Brian C raised its position in NVIDIA Corporation by 0.4% in the second quarter.

Several hedge funds and other institutional investors have recently modified their holdings of NVDA. The firm has "Buy" rating given on Friday, March 18 by Argus Research. First Personal Ser has invested 0.01% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Stifel Nicolaus maintained it with "Buy" rating and $175 target in Wednesday, February 15 report. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock ended last trade at $33.45 a share and the price is up more than 2.99% so far this year. The investment company owned 5,850 stocks of the computer hardware maker's shares after purchasing an extra 995 shares through out the quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. COXE TENCH sold $6.47M worth of NVIDIA Corporation (NASDAQ:NVDA) on Thursday, May 11. 2,500 shares were sold by Drell Persis, worth $325,048. It also upped Genuine Parts Co (NYSE:GPC) stake by 3,226 shares and now owns 38,134 shares. The disclosure for this sale can be found here. In the last three months, insiders sold 572,282 shares of company stock valued at $86,830,082.

Nvidia keeps on raking in revenue from chips for artificial intelligence, game graphics, the Nintendo Switch game console, and self-driving cars.


  • Climate Change Report Showing Drastic Effects Leaked Amid Fears of Suppression

    Climate Change Report Showing Drastic Effects Leaked Amid Fears of Suppression

    The special report is part of the National Climate Assessment , which presidents are required by law to conduct every four years. The draft report , by agencies such as NASA and the National Oceanic and Atmospheric Administration, echoes that message.
    USA  sanctions on North Korea: Dead on arrival

    USA sanctions on North Korea: Dead on arrival

    The hermit state also claimed the newly approved sanctions by the United Nations (UN) Security Council were part of a US plot. The meeting comes as the US and Asian nations join together to try to step up Pyongyang's economic and diplomatic isolation.
    Four Egyptian police killed in attack on patrol vehicle

    Four Egyptian police killed in attack on patrol vehicle

    A local affiliate of the Islamic State group in North Sinai province has claimed responsibility for most of the attacks. Gunmen forced the policemen's auto to stop and shot them dead, a security source told dpa on condition of anonymity.
  • Rockets, Knicks again talking Carmelo Anthony trade

    Rockets, Knicks again talking Carmelo Anthony trade

    According to an National Basketball Association source , New Orleans also would have interest in getting Anthony for its roster. D'Antoni told ESPN The Magazine in May that he quit after Anthony pressed team officials to choose between him and the coach.
    Chelsea vs Burnley — Prediction

    Chelsea vs Burnley — Prediction

    Conte also warned that Chelsea must bring in more players to have any chance of successfully defending their Premier League title. Hopefully he's not thinking that because you need players like the Ox - young, English players who are ready to kick on.
    NZDF personnel in the middle of North Korea's missile strike threat

    NZDF personnel in the middle of North Korea's missile strike threat

    Guam, an unincorporated US territory, is a strategic outpost about 2,100 miles (3,400 kilometers) south-east of Pyongyang. The Navy used the island as a coaling base and communications station until Japan seized the island on December 10, 1941.
  • Passengers warned to never ride with feet on vehicle  dashboard

    Passengers warned to never ride with feet on vehicle dashboard

    The force of the airbags exploding threw her foot up into her face, shattering her nose, ankle, femur and shoulder. Even two years after the accident, Tatum said her injuries are still affecting her daily life.
    Gal Gadot bursts into song to celebrate Wonder Woman box office milestone

    Gal Gadot bursts into song to celebrate Wonder Woman box office milestone

    Before she was Wonder Woman , she was Diana, princess of the Amazons, trained to be an unconquerable warrior. In Wonder Woman's defense, the movie absolutely captures the character's theme that is all about Love.
    USA  scientists closer to pig-to-human organ transplants

    USA scientists closer to pig-to-human organ transplants

    Tector says his own team stopped worrying about the viruses years ago, because it is not clear whether the U.S. CRISPR can be toxic to cells because it causes breaks in DNA strands, which can lead cells to self-destruct.
  • Chelsea Manning Photographed For Vogue

    Chelsea Manning Photographed For Vogue

    Manning, a transgender woman, was sentenced to 35 years in prison for leaking classified national security information. I have these values that I can connect with: responsibility, compassion. "I live by those". "I was a novelty".
    Wayde van Niekerk survives scare to qualify for 200m final

    Wayde van Niekerk survives scare to qualify for 200m final

    Makwala is considered to be the main challenger to Olympic champion and world record holder Wayde van Niekerk . He's a strong athlete, I've seen him break through a lot of challenges.
    Snap Inc.'s Slow Second-Quarter Growth Disappoints Wall Street

    Snap Inc.'s Slow Second-Quarter Growth Disappoints Wall Street

    Earnings season upon us and Snap Inc ., formerly known as Snapchat , released its earnings report for the quarter that just ended. TRADEMARK VIOLATION WARNING: This report was reported by Transcript Daily and is the property of of Transcript Daily.