Investing.com - NVIDIA (NASDAQ:NVDA) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NVIDIA announced earnings per share of $0.51 on revenue of $6.7B. Analysts polled by Investing.com anticipated EPS of $0.5297 on revenue of $6.83B.
NVIDIA shares are down 41% from the beginning of the year, still down 50.29% from its 52 week high of $346.47 set on November 22, 2021. They are under-performing the Nasdaq which is down 20.54% from the start of the year.
NVIDIA shares lost 1.38% in after-hours trade following the report.
NVIDIA follows other major Information Technology sector earnings this month
NVIDIA's report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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