5 Stocks Drawing Attention on Quarterly Results

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 102

Shares of NVIDIA Corporation (NASDAQ:NVDA) turned red in the pre-market trading session on Thursday, May 26, 2022, following a muted sales outlook for the current quarter. The graphics processors giant projected revenue of about $8.1 billion for its fiscal second quarter, below the expectations of $8.45 billion.

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The weak outlook also overshadowed NVIDIA’s better-than-expected results for its fiscal first quarter. NVIDIA Corporation (NASDAQ:NVDA) posted adjusted earnings of $1.36 per share for the three months ended May 1, well above 91 cents per share for the comparable period of 2021. Revenue for the quarter climbed 46 percent versus last year to $8.29 billion. The results easily surpassed the consensus of $1.29 per share for earnings and $8.12 billion for revenue.

NVIDIA Corporation (NASDAQ:NVDA) also released its segment-wise sales results. Its data center revenue skyrocketed 83 percent to $3.75 billion, gaming revenue climbed 31 percent to $3.62 billion, and professional visualization revenue soared 67 percent to $622 million in the quarter. The only downside was the automotive and robotics segment, which generated revenue of $138 million, down 10 percent on a year-over-year basis.

You can also take a peek at 10 Best Railroad Stocks To Invest in and 10 Favorite Stocks of Dan Loeb’s Third Point.

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