Company News: NVIDIA (NVDA) quarterly results beat analysts’ expectations

Market news

14 February 2020

Company News: NVIDIA (NVDA) quarterly results beat analysts’ expectations

NVIDIA (NVDA) reported Q4 FY 2019 earnings of $1.89 per share (versus $0.80 per share in Q4 FY 2018), beating analysts' consensus estimate of $1.67 per share.

The company's quarterly revenues amounted to $3.105 bln (+40.8% y/y), beating analysts' consensus estimate of $2.980 bln.

The company also issued upside guidance for Q1 FY 2020, projecting revenues of $2.94-3.06 bln (down from its prior guidance of $3.04-3.16 bln) versus analysts' consensus estimate of $2.86 bln.

NVDA rose to $287.78 (+6.28%) in pre-market trading.

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