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Nvidia beats quarterly revenue estimates; shares rise


Reuters


Aug 15 (Reuters) - Nvidia Corp's quarterly revenue beat Wall Street estimates on Thursday, relieving concerns of weak demand for its gaming chips and slowing sales in data center business, sending shares up 6% in extended trading.

Total revenue fell to $2.58 billion from $3.12 billion, but was above average analyst estimate of $2.55 billion, according to IBES data from Refinitiv.

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Aug 15 (Reuters) - Nvidia Corp's quarterly revenue beat Wall Street estimates on Thursday, relieving concerns of weak demand for its gaming chips and slowing sales in data center business, sending shares up 6% in extended trading.

Total revenue fell to $2.58 billion from $3.12 billion, but was above average analyst estimate of $2.55 billion, according to IBES data from Refinitiv.






This article appears in: Stocks , Technology
Referenced Symbols: NVDA



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