Shares of red-hot chipmaker Nvidia (NVDA) were falling close to 6% after-hours following the release of its July quarter earnings on Thursday.
Nvidia beat on both earnings and revenue expectations, but issued fiscal Q3 guidance that was weaker than expected. The company reported GAAP EPS of $1.76 vs. $1.67 expected, and revenues of $3.12 billion, slightly ahead of a $3.11 billion consensus estimate. But its Q3 revenue guidance came in at $3.25 billion, plus or minus 2%, below a $3.34 billion consensus estimate. Shares were falling 5.7% to $242.77 after-hours.
Eric Jhonsa, TheStreet's tech columnist, and Zev Fima, analyst for Jim Cramer's Action Alerts Plus Charitable Trust Portfolio, which owns Nvidia, are live blogging the company's earnings report and its analyst call scheduled for 5:30 p.m. ET. Please share your questions in the space at the top of the blog window.