NVIDIA Earnings: What to Watch on Thursday
Game time is almost here! NVIDIA (NASDAQ: NVDA) is slated to report its third-quarter results for fiscal 2020 after the market close on Thursday, Nov. 14.
The graphics processing unit (GPU) leader is going into its report on a solid note, with investor optimism likely high. While last quarter's results slid on a year-over-year basis, as expected, both the top and bottom lines were up sequentially and earnings comfortably beat the Wall Street consensus estimate.
Investors sent shares of the tech stock up 7.3% on the day following the Q2 release and the love fest has continued: Through Nov. 8, NVIDIA stock has returned 39.8% since its second-quarter report on Aug. 15, versus the S&P 500 index's 9.1% return. In 2019, shares have returned 56.1%, compared with the broader market's 25.5%. And shares are now in the green for the one-year period, returning 1.5%, versus the S&P 500's 13.5%.
Source Fool.com
