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NVIDIA Corp. (NVDA) Is Pulling Back 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.

NVIDIA has gapped open sharply lower Friday morning and is now down 9.12 at $155.62. The stock has dropped to a 1-month low and has fallen below its 50-day moving average.

by RTTNews Staff Writer

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