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3 Key Things From NVIDIA's Q1 Earnings Call That Investors Should Know


Added 05-24-19 09:04:02pm EST - “Gaming laptops and AI inferencing were bright spots in the GPU specialist's poor quarter.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “3 Key Things From NVIDIA's Q1 Earnings Call That Investors Should Know”. Below is an excerpt from the article.

Last week, NVIDIA (NASDAQ: NVDA) reported first-quarter results for fiscal 2020. The graphics processing unit (GPU) specialist's revenue fell 31% year over year to $2.22 billion, and earnings per share (EPS) adjusted for one-time items plummeted 57% to $0.88.

Poor results were expected due to what management has characterized as temporary issues in its gaming and data center businesses.

Earnings releases, however, only tell part of the story. Management's comments during earnings calls often contain key information about a company's prospects and strategy. Here are three things from NVIDIA's Q1 call that you should know.

Gaming's results were terrible for the second consecutive quarter, with revenue plunging 39% year over year to $1.06 billion, though revenue did rise 11% from the previous quarter. Light is at the end of the tunnel, however, according to the company's management. From CFO Colette Kress' remarks:

Too much inventory in the company's sales channel following the cryptocurrency market crash last year has been a main factor in gaming's woes. NVIDIA's graphics cards for the gaming market were being used by some folks to "mine" certain digital currencies, such as Ethereum.

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