Nvidia disappoints large players

Source: Dukascopy Bank SA


The world's largest chip company Nvidia has reported higher than expected quarterly earnings and revenue. However, supposedly due to missing gross margin forecast, the stock was sold off in the after-market and pre-market hours. Namely, the larger market participants, not the retail sector, has been disappointed with Nvidia.

In the meantime, some market commentators have expressed the view that the markets had expected the company to beat forecasts by much higher numbers, which is the reason for the stock decline.

The stock is set to start the day's trading with a minor gap down of 3.30%. The day's trading is expected to start near $121.50, compared to Wednesday's close of $125.60.

In regard to the financial results, earnings per share were forecast to show a reading of $0.647, but actual EPS are 5.18% higher at $.068. Total quarterly revenue estimate was $28.737 billion. Actual earnings were $30.04 billion.
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