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Stock impact report

Nvidia sales outlook tops analyst views; shares rise [Reuters (UK)]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Reuters
Nvidia sales outlook tops analyst views; shares rise | Reuters 3 Min Read (Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. The Santa Clara, California-based company said it expected revenues for its fiscal 2020 year to be “flat or down slightly” from the $11.7 billion it recorded in the just-ended fiscal year. The forecast exceeds the $10.8 billion in revenue that analysts expected, according to IBES data from Refinitiv. Nvidia, which supplies chips for gaming computers and artificial intelligence work, reported profit for the fiscal fourth-quarter ended Jan. 27 above Wall Street estimates. Its outlook for the 2020 fiscal first quarter missed analyst expectations only slightly. “Not-as-bad-as-feared has replaced the better-than-expected for a lot of companies this earnings season,” analyst Ivan Feinseth of Tigress Financial Partners said. Nvidia has entered i Show less Read more
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