Nvidia Earnings Live Updates, Revenue Results
Nvidia beat earnings and sales expectations for the April quarter but shares were not rising much, perhaps because expectations for the chipmaker were already so high.
Fiscal first quarter revenue of $3.08 billion beat a $2.98 billion consensus, while GAAP EPS of $1.47 beat a $1.39 consensus and non-GAAP EPS of $1.80 beat a $1.65 consensus.
For the current quarter, Nvidia expects revenue of $3.65 billion (+/- 2%), with Mellanox expected to contribute a low-teens percentage of the revenue. This compares with a consensus of $3.25 billion.
Shares of Nvidia were moving between slightly up and slightly down in after-hours trading.
TheStreet and RealMoney's tech columnist, Eric Jhonsa, is analyzing the company's earnings report issued after the market close, and then the earnings call with Nvidia executives that's scheduled to begin at 5:30 p.m. ET.