What You Lost by Not Adding NVIDIA (NVDA) to Your Portfolio

Shutterstock photo Shares of NVIDIA CorporationNVDA have been gaining solid momentum of late. One of the major reasons behind this could be the company’s better-than-expected fourth-quarter fiscal 2016 results. Also, an encouraging first-quarter fiscal 2017 revenue outlook, solid cash flows and regular product launches drove the shares higher. Yesterday’s closing price of $35.84 reflects a 30% increase since the earnings announcement. The company posted fourth-quarter results on Feb 17, wherein both the top line and the bottom line came ahead of the respective Zacks Consensus Estimate. The company posted earnings of 35 cents per share beating the Zacks Consensus Estimate of 32 cents. Revenues not only increased 11.9% year over year to $1.401 billion but also surpassed our estimate of $1.311 billion. The year-over-year increase was primarily supported by better-than-expected…

Link to Full Article: What You Lost by Not Adding NVIDIA (NVDA) to Your Portfolio

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