NVIDIA Corporation (NASDAQ: NVDA) isn’t having the best of days in the market today, and for good reason. The company reported its earnings for the third fiscal quarter. Unfortunately, the report was anything but positive.
In the earnings report, investors learned that NVDA missed the mark on every aspect. Earnings and revenue were both below expectations. At the same time, the company reduced its guidance, leading to more fears.
While fears are running high, there was a silver lining. The company did increase its quarterly dividend.
The market is reacted to the negative report by sending the stock spiraling down. At the moment (8:30), NVDA is trading at $166.15 per share after a loss of $36.24 per share or 17.91% so far today. View our full report on NVDA earnings.
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