Nvidia posts revenue drop of 17 percent for Q2

18 Août, 2019, 04:43 | Auteur: Auguste Feret
  • Nvidia Tops Estimates for Sales Profit on Game Chip Rebound

Refinitiv analysts expected earnings of Dollars 1.15 per share on revenue of USD 2.54 Billion. Truvestments Capital LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at about $33,000. Finally, Parnassus Investments CA increased its holdings in NVIDIA by 4.2% in the 1st quarter. Pacific Center for Financial Services lifted its holdings in NVIDIA by 143.1% during the 2nd quarter. Capital Wealth Planning LLC now owns 10,354 shares of the computer hardware maker's stock worth $1,700,000 after purchasing an additional 5,354 shares during the last quarter. The shares were sold at an average price of $166.80, for a total transaction of $417,000.00. Now the companies shares are stuck in a consolidation zone between 120-200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persis Drell sold 2,500 shares of NVIDIA stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the transaction, the chief financial officer now directly owns 239,710 shares of the company's stock, valued at $39,314,837.10. The disclosure for this sale can be found here.

The earnings report caused Nvidia's stock to rally in late trading on Thursday, and it was up over 6% on Friday morning. BidaskClub cut NVIDIA from a "buy" rating to a "hold" rating in a report on Saturday, August 3rd. They issued an "outperform" rating and a $184.00 price objective for the company. Sanford C. Bernstein set a $150.00 price target on shares of NVIDIA and gave the company a "hold" rating in a research note on Wednesday, June 26th. Jefferies has "Buy" rating and $185 target. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. The stock now has a consensus rating of "Buy" and an average price target of $193.04.

Shares of Nvidia traded up about 8% on Friday to$160.42, in a 52-week range of $124.46 to $292.76. Fiduciary Tru Company has invested 0.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). The firm has a market cap of $91.39 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.84 and a beta of 2.07. The year-over-year decline reflects lower hyperscale revenue. The firm has a fifty day moving average of $163.66 and a 200 day moving average of $163.39.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th.

Shares of Nvidia Corporation, the leading provider of graphics processing units (GPUs) and system-on-a-chip units (SoCs) to the gaming industry, jumped as much as 7% Thursday in extended trading on better-than-expected fiscal second quarter earnings.

Dueling protests rattle Hong Kong in 10th week of unrest
Chinese armed forces are now practicing with giant "electric" fork devices that could potentially be used on Hong Kong protesters. The flurry of unrest also presents one of the biggest challenges for Chinese President Xi Jinping since he came to power in 2012.

NASA chief announces Alabama facility as moon spacecraft headquarters
The Orion rocket will be apart of the Artemis 1 moon mission and the first test flight has been scheduled for 2020. Future missions are expected to carry USA astronauts, including the first female astronaut to land on the moon.

Starving 70-Year-Old Elephant Collapses From Exhaustion After Sri Lankan Festival
Elephants did not naturally obey human commands or allow humans to ride them, she stressed. This attractive lady needs to a sanctuary to live out her remaining days.

For its third quarter Nvidia is expecting revenue of $2.90 billion, plus or minus 2 per cent.

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Coupled with a 350 basis point drop in gross margin, from 63.3 percent in the second quarter of its 2019 financial year to 59.8 percent, and a 19 percent increase in operating expenses, the company's net income is down a whopping 50 percent year-on-year. During the same period past year, the company posted $1.94 EPS.

Professional Visualization revenue in Q2 was $291 million, up 4 percent from a year earlier and up 9 percent sequentially.

Besides, the chip manufacturing giant has also announced: "cash dividend of $0.16 per share on September 20, 2019, to all shareholders of record on August 29, 2019".

Conseillé:



Populaire

RUGBY : Dupont-Lopez en charnière samedi pour France - Ecosse en amical
Guirado, au repos, laisse le capitanat à Jefferson Poirot et le poste de talonneur à Camille Chat. La charnière sera composée d'Antoine Dupont et de Camille Lopez, une première là aussi .

Gourcuff confirme la tendance sur son fils Yoann — Nantes
Après s'être impliqué comme à son habitude, le capitaine du FC Nantes a été interrogé sur son avenir en zone mixte. L'équipe a montré un visage totalement différent sur ce match par rapport au précédent.

Pep Guardiola bemoans lack of VAR consistency after Spurs hold Manchester City
With that in mind, Spurs boss Mauricio Pochettino was pleased with the result, although he suggested the continuing uncertainty over Christian Eriksen's future was affecting the team.

Turkey: Syria 'safe zone' center to operate next week
Akar also reviewed the place where the coordination center of the security zone in northern Syria will be created, Turkish media reported.

Weapons seized at Portland right-wing rally, counterprotests
The latest skirmishes took place in the city during a rally in June as the Rose City Antifa faced off against the Proud Boys. Gibson's lawyer, James Buchal , said none of the multiple videos from the Cider Riot altercation shows Gibson being violent.

La Corée du Nord a tiré de nouveaux projectiles
Selon des militaires sud-coréens, il s'agirait une nouvelle fois de l'essai de deux missiles balistiques à court portée. Mais le Nord se garde généralement d'effectuer des essais d'armes pendant ces exercices militaires.

Yemen rebel attack sparks fire in Saudi gas plant: Aramco
He also mentioned recent explosions on oil tankers near the Strait of Hormuz that the USA blames on Iranian-planted limpet mines. This latest alleged drone attack comes after the Houthis launched several drone attacks on Saudi Arabia.

Meghan Markle gets a cheeky nod from former show Suits
Meghan and Harry split from the Royal household and they moved to Frogmore Cottage away from the Palace to raise baby Archie. Markle finished her seven year run on Suits with an on-screen wedding and in the newest episode, her husband (Patrick J.

#DontDeportMelania trending over concerns about Trump’s immigration policies
In response, many social media users cracked jokes about Melania's impending, albeit hypothetical, deportation. Noah said over an image of the White House. "He was trying to turn his in-laws into outlaws".

Second Human Case of EEE Virus in State Confirmed in Grafton
After initial ground spraying by truck last week , the state initiated aerial spraying as the first human EEE case was confirmed. ALEXANDRIA TWP., N.J. - A groundhog tested positive for rabies on August 15 according to the Hunterdon County Board of Health.