Here's Why NVIDIA Corporation Stock Dropped After Earnings
On Aug. 10, graphics specialist NVIDIA (NASDAQ: NVDA) reported solid earnings results. Revenue was $2.23 billion, representing a 56% year-over-year surge. Operating and net income handily outpaced revenue growth, growing 117% and 123%, respectively, and earnings per share on a non-GAAP basis was $1.01, up 91% year over year.
Analyst consensus going into the report was for revenue of $1.96 billion and earnings per share of $0.70, so NVIDIA handily crushed analyst expectations.
Image source: NVIDIA.
Source: Fool.com
NVIDIA Corp. Stock
€1,126.0
5.250%
Currently there is a rather positive sentiment for NVIDIA Corp. with 161 Buy predictions and 6 Sell predictions.
However, we have a potential of -1.87% for NVIDIA Corp. as the target price of 1105 € is below the current price of 1126.0 €.
