Here's Why NVIDIA Corporation Stock Dropped After Earnings

On Aug. 10, graphics specialist NVIDIA (NASDAQ: NVDA) reported solid earnings results. Revenue was $2.23 billion, representing a 56% year-over-year surge. Operating and net income handily outpaced revenue growth, growing 117% and 123%, respectively, and earnings per share on a non-GAAP basis was $1.01, up 91% year over year.

Analyst consensus going into the report was for revenue of $1.96 billion and earnings per share of $0.70, so NVIDIA handily crushed analyst expectations.

Image source: NVIDIA.

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Source: Fool.com