NVIDIA Corporation Stock Skyrockets On Earnings, Walt Disney Co Falls

NVIDIA Corporation Stock Skyrockets On Earnings, Walt Disney Co Falls

NVIDIA and Walt Disney released their latest earnings reports after closing bell tonight. NVIDIA posted earnings of 94 cents per share on $2 billion in sales, compared to the consensus estimates of 57 cents per share and $1.69 billion in revenue. In last year’s third quarter, the chip maker reported $1.31 billion in sales and non-GAAP earnings of 46 cents per share. Walt Disney reported adjusted earnings of $1.10 per share on $13.1 billion in revenue, while the Street was looking for earnings of $1.16 per share and $13.5 billion in sales. In last year’s fourth fiscal quarter, the company posted adjusted earnings of $1.20 per share, diluted earnings of 95 cents per share and $13.5 billion in sales. NVIDIA issues strong guidance NVIDIA’s GAAP earnings surged 89% year over…


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