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

Market news

22 May 2020

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

NVIDIA (NVDA) reported Q1 FY 2020 earnings of $1.80 per share (versus $0.88 per share in Q1 FY 2019), beating analysts’ consensus estimate of $1.53 per share.

The company’s quarterly revenues amounted to $3.080 bln (+38.7% y/y), beating analysts’ consensus estimate of $2.998 bln.

The company also issued upside guidance for Q2 FY 2020, projecting revenue of $3.65 bln, +/- 2%, versus analysts’ consensus estimate of $3.366 bln.

NVDA rose to $354.00 (+0.85%) in pre-market trading.

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