Everyone today is talking about NVidia’s latest quarterly report, where they lost $201.3Million dollars, which seems pretty painful compared to last year’s profit of $176M for the same quarter.
Excluding a one-time charge of $140.2 million for buying employee stock options, and some other items, Nvidia reported a loss of 9 cents per share for the quarter. On that basis, Wall Street expected a loss of 10 cents per share, according to Reuters Estimates.
In short, yes they are down, but not as down as Wall Street expected, so they did ok. It’s also important to note that they lost expected profit, not actual money (they didn’t make as much profit as they wanted), so they’re still in a strong financial position.
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