Nvidia Slides During Thursday Pre-Market Despite Beating Q3 Estimates: ‘Even Outstanding Isn’t Enough For Some Investors’
Posted On November 21, 2024
NVIDIA Corp (NASDAQ:NVDA) experienced a 2.36% decline in pre-market trading on Thursday, as per Benzinga Pro, despite surpassing Wall Street expectations in its third-quarter earnings.
What Happened: The chipmaker reported a 94% year-over-year increase in revenue, reaching $35.1 billion, exceeding the anticipated $33.12 billion. Additionally, the company’s earnings per share were 81 cents, surpassing the projected 75 cents.
Despite these strong financial results, investor concerns arose due to a slowdown in sales compared to previous quarters. Derren Nathan, head of equity research at Hargreaves Lansdown, …
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