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NVIDIA Posts Strong Q4 Earnings, Stock Slides on Weak Guidance
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NVIDIA Corp. (NVDA - Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of 99 cents per share and revenues of $2.17 billion. Currently, NVDA is a #2 (Buy), and is down 1.93% to $113.97 in trading shortly after its earnings report was released.
Beat earnings estimates. The company reported GAAP earnings of 99 cents per diluted share, soaring past the Zacks Consensus Estimate of 83 cents per share and increasing a whopping 183% year-over-year.
Beat revenue estimates. The company saw record revenue figures of $2.17 billion, topping our consensus estimate of $2.080 billion and gaining 55% year-over-year.
NVIDIA reported record quarterly GAAP gross margin of 60% and non-GAAP gross margin of 60.2%.
The company notes that its GPU computing platform continues to power gains across its full product lines.
Looking ahead, to the first quarter of fiscal 2018, Nvidia expects revenue to be $1.90 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 59.5% and 59.7%, respectively, plus or minus 50 basis points.
"Deep learning on NVIDIA GPUs, a breakthrough approach to AI, is helping to tackle challenges such as self-driving cars, early cancer detection and weather prediction. We can now see that GPU-based deep learning will revolutionize major industries, from consumer internet and transportation to health care and manufacturing. The era of AI is upon us," said Jen-Hsun Huang, founder and CEO.
Here’s a graph that looks at Nvidia’s price, consensus, and EPS surprise:
NVIDIA Corporation Price, Consensus and EPS Surprise
NVIDIA designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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NVIDIA Posts Strong Q4 Earnings, Stock Slides on Weak Guidance
NVIDIA Corp. (NVDA - Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of 99 cents per share and revenues of $2.17 billion. Currently, NVDA is a #2 (Buy), and is down 1.93% to $113.97 in trading shortly after its earnings report was released.
Beat earnings estimates. The company reported GAAP earnings of 99 cents per diluted share, soaring past the Zacks Consensus Estimate of 83 cents per share and increasing a whopping 183% year-over-year.
Beat revenue estimates. The company saw record revenue figures of $2.17 billion, topping our consensus estimate of $2.080 billion and gaining 55% year-over-year.
NVIDIA reported record quarterly GAAP gross margin of 60% and non-GAAP gross margin of 60.2%.
The company notes that its GPU computing platform continues to power gains across its full product lines.
Looking ahead, to the first quarter of fiscal 2018, Nvidia expects revenue to be $1.90 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 59.5% and 59.7%, respectively, plus or minus 50 basis points.
"Deep learning on NVIDIA GPUs, a breakthrough approach to AI, is helping to tackle challenges such as self-driving cars, early cancer detection and weather prediction. We can now see that GPU-based deep learning will revolutionize major industries, from consumer internet and transportation to health care and manufacturing. The era of AI is upon us," said Jen-Hsun Huang, founder and CEO.
Here’s a graph that looks at Nvidia’s price, consensus, and EPS surprise:
NVIDIA Corporation Price, Consensus and EPS Surprise
NVIDIA Corporation Price, Consensus and EPS Surprise | NVIDIA Corporation Quote
NVIDIA designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>