NVIDIA's Earnings Report Was Stellar -- Yet Not Good Enough for All Investors
NVIDIA (NASDAQ: NVDA) reported strong fiscal third-quarter 2021 results after the market closed on Wednesday, Nov. 18. The graphics processing unit (GPU) specialist's growth was driven by record revenue in its gaming and artificial intelligence (AI)-driven data center businesses.
Results on both the top and bottom lines flew by Wall Street's consensus estimates, and fourth-quarter guidance for both revenue and adjusted earnings per share (EPS) also came in higher than analysts had been expecting.
But shares of the hot tech stock fell 2% in Wednesday's after-hours trading session. We can probably attribute the market's slightly negative initial reaction to some investors not being satisfied with the degree to which NVIDIA exceeded analysts' estimates. The company's stock is highly valued and has run-up big in 2020, so some investors (or at least short-term traders) are going to have insatiable expectations.
Source Fool.com
