NVIDIA earnings, Revenue miss in Q2

  • Investing.com
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NVIDIA earnings, Revenue miss in Q2
Credit: © Reuters.

Investing.com - NVIDIA (NASDAQ: NVDA ) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

NVIDIA announced earnings per share of $0.51 on revenue of $6.7B. Analysts polled by Investing.com anticipated EPS of $0.5297 on revenue of $6.83B.

NVIDIA shares are down 41% from the beginning of the year and are trading at $169.85 , down-from-52-week-high.They are under-performing the Nasdaq which is down 20.54% year to date.

NVIDIA shares lost 1.38% in after-hours trade the report.

NVIDIA follows other major Information Technology sector earnings this month

NVIDIA's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.

Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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