Why Analysts Are Chasing NVIDIA Secular Growth Trends
NVIDIA Corp. (NASDAQ: NVDA) reported its fiscal first-quarter financial results after the markets closed on Thursday, and investors and analysts alike loved this report. Overall the company set a positive direction with earnings and the product updates that it listed. 24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about NVIDIA after the fact. The company posted $0.46 in earnings per share (EPS) on $1.31 billion in revenue. That compares to consensus estimates of $0.31 in EPS on revenue of $1.27 billion. In the same period of last year, the company reported EPS of $0.33 and $1.15 billion in revenue. During this past quarter, the company launched GeForce GTX 1080 and GTX 1070, based on NVIDIA’s new Pascal architecture, bringing the biggest…
Link to Full Article: Why Analysts Are Chasing NVIDIA Secular Growth Trends
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