(Updated - February 14, 2019 4:37 PM EST)

(Updated - February 14, 2019 4:23 PM EST. Update corrects consensus EPS)

NVIDIA (NASDAQ: NVDA) reported Q4 EPS of $0.80, $0.02 better than the analyst estimate of $0.78. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.20 billion.

GUIDANCE:

NVIDIA sees Q1 2020 revenue of $2.2 billion plus or minus 2 percent, versus the consensus of $2.29 billion.

• GAAP and non-GAAP gross margins are expected to be 58.8 percent and 59.0 percent, respectively, plus or minus 50 basis points.

For fiscal 2020, revenue is expected to be flat to down slightly.

“This was a turbulent close to what had been a great year,” said Jensen Huang, founder and CEO of NVIDIA. “The combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing quarter.

“Despite this setback, NVIDIA’s fundamental position and the markets we serve are strong. The accelerated computing platform we pioneered is central to some of world’s most important and fastest growing industries – from artificial intelligence to autonomous vehicles to robotics. We fully expect to return to sustained growth,” he said.

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