The earnings season is pretty much over, and while the numbers have been positive, they also show earnings growth slowing and fears are rising that a prolonged trade war could lead to a global recession. The latest messages and market ideas from Earnings Whispers (eWhispers) on. The company added that it slowed operating expenses during the quarter, but would continue with its stock buyback program.Īdvanced Micro Devices ( AMD) and Marvell Technology ( MRVL) both fell roughly 2% in sympathy after the weak results from Nvidia ( NVDA). The biggest cloud hanging over the market at this point is the ongoing trade war between the U.S. "As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our gaming partners to adjust channel prices and inventory."
That would be 0.09 lower the 0.46 per share posted last quarter and. "Our gaming product sell-through projections declined significantly as the quarter progressed," said Nvidia ( NVDA) Chief Executive Jensen Huang, in a statement. NVIDIA Whisper Number Analysts expect the company to report Q217 earnings per share of 0.37 and revenue of 1.35 billion. Conversely, data center revenue rose 1% sequentially and 61% year-over-year to $3.81B. Shares are down 22.0 since reporting last quarter. The consensus earnings estimate was 0.10 per share on revenue of 298.0 million. The company said its gaming business was the main culprit of the shortfall, as gaming revenue fell 44% sequentially and 33% year-over-year to $2.04B. Nvidia ( NASDAQ: NVDA) shares plunged 8% on Monday after the graphics chipmaker preannounced weaker-than-expected second-quarter revenue driven mostly by what the company said was disappointing gaming sales.įor the period ending July 31, Nvidia ( NVDA) said it generated $6.7B in revenue, down 19% from a year ago, compared to expectations of $8.1B. Qualcomm (NASDAQ:QCOM) is expected to report fiscal first quarter earnings on Wednesday, January 30th.The whisper number is 1.11, two cents behind the analysts estimate.
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