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NVIDIA (NVDA) Tops Q1 EPS by 60c, Offers Q2 Guidance

May 10, 2018 4:21 PM

(Updated - May 10, 2018 4:23 PM EDT)

NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $2.05, $0.60 better than the analyst estimate of $1.45. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $2.9 billion.

GUIDANCE:

NVIDIA sees Q2 2019 revenue of $3.1 billion plus or minus two percent, versus the consensus of $2.95 billion.

“We had a strong quarter with growth across every platform,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Our datacenter business achieved another record and gaming remained strong.

“At the heart of our opportunity is the incredible growth of computing demand of AI, just as traditional computing has slowed. The GPU computing approach we have pioneered is ideal for filling this vacuum. And our invention of the Tensor Core GPU has further enhanced our strong position to power the AI era,” he said.

For earnings history and earnings-related data on NVIDIA (NVDA) click here.

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