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Chipmaker Nvidia plunges after missing on revenue and guidance

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2018/11/15 22:39:43 (permalink)
https://www.cnbc.com/2018/11/15/nvidia-earnings-q3-2019.html
 
Here’s how the company did:
  • Earnings: $1.84 per share, excluding certain items, vs. $1.71 per share as expected by analysts, according to Refinitiv.
  • Revenue: $3.18 billion, vs. $3.24 billion as expected by analysts, according to Refinitiv.
In the quarter Nvidia had a $57 million charge related to older products because of the decrease in demand for cryptocurrency mining.
 
Although NVIDIA did not make as much money as analysts had expected it's financial growth is growing on a year to year basis. 
 


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