Nvidia Announces Excellent Third Quarter Financial Results
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The financial results of Nvidia in the third quarter of this year 2017 have exceeded most of the forecasts of Wall Street analysts, this has been possible thanks to the fact that the company's revenues from the gaming market have soared and have allowed the company recover from a disappointing second quarter in data centers.
Nvidia manages to exceed analyst forecasts in the third quarter
Nvidia's actions have already been boosted by high investor expectations for this year and the good results achieved after market trading. Nvidia was expected to record a sharp slowdown in growth due to lower demand for its graphics chips in the large data processing sector for machine learning systems, but the figures released after the bell on Thursday include an increase of 32 percent. percent in revenue, translating to a total of $ 2.64 billion, ahead of the $ 2.23 billion Wall Street expected.
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Earnings per share of $ 1.33 rose 41 percent, which is well above the consensus expectations of analysts who expected a rise in value of just 94 cents. The latest results have supported a 25 percent increase in revenue from the video game sector, amounting to $ 1.56 billion.
To all this, sales of chips for data centers and artificial intelligence tasks increased 109 percent, representing total revenues of $ 501 million, well ahead of what the market had been expecting and which is due to a unexpected slowdown in the previous quarter.
There is no doubt that Nvidia is going through one of its best financial moments and that is that the company is in an excellent state of form in all the markets it is part of.
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