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published in Blogs
Aug 19, 2021
Nvidia (NVDA, $190.40) beats Q2 earnings expectations

Nvidia (NVDA, $190.40) beats Q2 earnings expectations

Nvidia reported fiscal second-quarter earnings that exceeded analysts’ expectations.

For the quarter ended Aug. 1, the semiconductor company’s adjusted earnings came in at $1.04 a share, compared to the $1.02 a share expected by analysts polled by FactSet.

Revenue was $6.51 billion, surpassing analysts’ estimate of  $6.33 billion. It was $3.87 billion in the year-ago quarter. Gaming revenue rose +85% year-over-year to $3.06 billion in the quarter, accounting for 47% of total revenue.

For the third quarter, Nvidia projects  revenue at $6.8 billion, plus or minus 2%. FactSet's survey reveals analysts’ forecast of $6.57 billion.

Related Tickers: NVDA
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