NVIDIA Corporation Shares Soar on Earnings Beat, Strong Guidance


Image source: NVIDIA.

NVIDIA Corporation (NASDAQ: NVDA  ) just reported fourth-quarter results, beating analyst estimates by a wide margin. NVIDIA shares jumped as much as 6% in after-hours trading action.

Non-GAAP earnings of $0.32 per share was a 9% year-over-year decline, but analysts would have settled for $0.18 per share. On the top line, Street firms expected a 5% year-over-year decline, but NVIDIA delivered a 3% sales surge instead.

"Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business," said NVIDIA CEO Jen-Hsun Huang in a prepared statement.

In a separate document, NVIDIA showed sales of the mobile Tegra processor line plunging 37% year over year, but the much larger graphics division delivered a 14% revenue surge. Notebook graphics processors "declined slightly" but graphics cards for desktop PCs more than made up for that weakness.

Looking ahead, NVIDIA set first-quarter revenue targets around $1.05 billion. The expenses outlined in this guidance work out to non-GAAP earnings of roughly $0.22 per share. Analysts were looking for adjusted earnings of $0.13 per share on $1.0 billion in first-quarter sales.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2837414, ~/Articles/ArticleHandler.aspx, 10/31/2014 12:53:45 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement