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NVIDIA Corp. (NVDA) Dropped Following Q2 Report

NVIDIA Corp. (NVDA) reported second quarter non-GAAP EPS of $1.01 after the bell Thursday, up from $0.53 a year ago. Revenues rose 55.9% to $2.23 billion from $1.43 billion last year. The consensus estimates were for EPS of $0.70 and revenues of $1.96 billion. However, revenue from its data center and automotive businesses that missed estimates.

NVIDIA gapped open sharply lower Friday and slid further during the first half hour of trade. The stock closed down by 8.78 at $155.96 on above average volume. NVIDIA dropped below a range at the highs of the year and set a 1-month low.

by RTTNews Staff Writer

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