Efforts to drive further gains in the post-Covid era, such as boosting enterprise sales and new offerings like Phone and WhiteBoard, may not be enough to sustain growth due to rising competition from Microsoft Teams and slowing IT budgets at smaller business clients, according to Citi analysts who downgraded its shares to sell this week. The maker of graphic chips that are a staple of high-end gaming computers earlier this month. The video conferencing provider is likely to see y/y revenue growth drop into the single digits for the first time since it went public, based on the company’s own forecast and consensus estimates, as a weakening economy and broader return-to-office trends cut into sales. Also Wednesday, Nvidia ( NVDA US) will discuss its outlook on its earnings call after the closing bell. Monday: Zoom Video ( ZM US) will report after-market. According to the report, NVIDIA raked in a revenue of 6.51 billion USD.
NVDA EARNINGS AUGUST SOFTWARE
Reports next week will give investors further insight into the second-half for retailers, chipmakers and software providers as the peak earnings period draws to a close. NVIDIA released its Q2 2022 earnings results on its investor relations website on August 18, 2021.
Yet evolving shopping behaviors across the income spectrum, along with price markdowns from excess inventory, are contributing to the highest proportion of earnings misses for the consumer discretionary sector than elsewhere in the S&P 500 this season. NVIDIA released its Q2 2022 earnings results on its investor relations website on August 18, 2021.
This metric is considered a valuation metric that confirms whether the earnings of a company justifies the stock price. Nvidia ( NVDA -5.21) stock dropped 4.6 in after-hours trading on Wednesday, following the graphics chip specialist's release of a second-quarter report for fiscal 2023 that disappointed. Better-than-expected US retail sales data and upbeat outlooks from Walmart and Target this week demonstrated the resilience of the American consumer amid hyperinflation and rising rates. The Price to Earnings Ratio (PE Ratio) is calculated by taking the stock price / EPS (ttm). 09/08/22, TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED : August 2022 Sales and Revenue Release.