The company is looking for operating expenses of $915 million for the January quarter. Unadjusted and adjusted gross margins are expected to be approximately 62.3% and 62.5%, respectively. Looking ahead, the management expects fourth-quarter revenues to rise 2% year-over-year to $2.7 billion, which is below the consensus Wall Street forecast. During the quarter, we launched new platforms to extend our architecture into new growth markets – RAPIDS for machine learning, RTX Server for film rendering, and the T4 Cloud GPU for hyperscale and cloud,” said CEO Jensen Huang. “Our market position and growth opportunities are stronger than ever.
The other segments – Professional Visualization, Gaming and Auto – also registered double-digit growth. Revenues moved up 21% annually to $3.18 billion helped by a 58% growth in the Datacenter business, which reflected the robust demand for the company’s artificial intelligence solutions. Reported profit was $1.23 billion or $1.97 per share, compared to $0.84 billion or $1.33 per share in the third quarter of 2018. Q3 2019 Earnings InfographicĪdjusted earnings of the Santa Clara, California-based company climbed to $1.84 per share in the October quarter from $1.33 per share a year earlier, beating estimates. Meanwhile, total reported revenues and the outlook for the fourth quarter fell short of expectations, driving the company’s stock down 16% in the after-hours trading Thursday.
(NVDA) surged and topped estimates in the third quarter of 2019 when all the operating segments registered double-digit revenue growth. Earnings of semiconductor giant Nvidia Corp.
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