Nasdaq Futures Decline Following Worse Than Expected Q2 Guidance From NVIDIA (NVDA)
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Go back to Nasdaq Futures Decline Following Worse Than Expected Q2 Guidance From NVIDIA (NVDA)
May 26, 2022 7:22 AM EDT
Benchmark analyst Cody Acree assumes coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $228.00.
The analyst comments "We are assuming coverage with a Buy Rating and setting a $228 price target, down from $365. NVDA turned in another strong quarter with record quarterly revenue from Data Center and Gaming both growing solidly QoQ and YoY, offsetting Auto softness on new product transitions and ongoing OEM production headwinds and a sequential decline in Professional Visualization, as... More
May 25, 2022 4:54 PM EDT
With earnings, NVIDIA (NASDAQ: NVDA) announced that on May 23, 2022, the board of directors increased and extended the companys share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023.
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May 25, 2022 4:22 PM EDT
NVIDIA (NASDAQ: NVDA) reported Q1 EPS of $1.36, $0.07 better than the analyst estimate of $1.29. Revenue for the quarter came in at $8.29 billion versus the consensus estimate of $8.12 billion.
GUIDANCE:
NVIDIA sees Q2 2023 revenue of $8.1 billion, versus the consensus of $8.45... More
