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  • Nvidia (NVDA)

    On Second Review, Nvidia sells off - Concerns Regarding Competition Weigh on the Stock

    Bottom-line:
     EPS was $0.32 vs analysts expectations of $0.25.

    Top-line: Revenue rose to $1.01 billion from $817 million a year ago.

    After-market price change on 8/11: After the company's second-quarter results were announced, Nvidia's shares rose more than a dollar and a half (an increase of 12%) to $15, primarily due to a strong second-quarter revenue result. The stock had already been up one dollar (a rise of 9%) in the regular trading session before the firm's results were disclosed.

    Day after trading on 8/12
    : However after additional analysis, the street was not quite as sanguine and focused on the firm's third-quarter revenue guidance (growth of 4% to 6%, which translates to a range of $1.06 billion to $1.08 billion). Analysts are primariliy concerned about competition as well as the macro-environment. As a result, the stock traded under $13 once investment professionals digested the second quarter result as well as third-period guidance and management's commentary.




     

    Aug 12 4:15 PM | Link | Comment!
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