I was long both NVDA and SOXL heading into these numbers and I sold both in the after hours, a very rare thing for me because I believe both are heading much lower. The possibility that analysts will not downgrade NVDA is zero. Ergo, I’m fairly certain you’ll see further downside by tomorrow morning.
This is unfortunate, since I had a nice gain in SOXL and ended up selling for a 1% loss. My loss in NVDA was ~15%, an unacceptable drawdown, which prompted an immediate sale.
NVIDIA beats by $0.05, misses revenue estimates on gaming and datacenter; guides Q4 EPS and revenue well below consensus; adds to share buyback, raises dividend 7% (202.39 +5.20)
Reports Q3 (Oct) earnings of $1.97 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $1.92; revenues rose 20.7% year/year to $3.18 bln vs the $3.24 bln S&P Capital IQ Consensus. Three market platforms – Professional Visualization, Datacenter, and Automotive – posted record revenue.
Gaming revenue was short of their expectations, and fourth quarter outlook is impacted by excess channel inventory of midrange Pascal products. They believe this is a near-term issue that will be corrected in one to two quarters, and remain confident in competitive position and market opportunities. Gaming revenue was $1.76 billion vs. $1.9 bln estimates, up 13 percent from a year ago driven by growth in gaming GPUs, and down 2 percent sequentially as gaming GPU growth was more than offset by a seasonal decline in SOC modules for Nintendo Switch.
Datacenter revenue was a record $792 million vs. $820 mln estimates, up 58% from a year ago and up 4 percent sequentially
Co issues downside guidance for Q4, sees EPS of ~$1.32-1.49, excluding non-recurring items, vs. $2.01 S&P Capital IQ Consensus; sees Q4 revs of $2.65-2.75 bln vs. $3.4 bln S&P Capital IQ Consensus.
In November 2018, the board of directors authorized an additional $7 billion under the company’s share repurchase program for a total of $7.94 billion available through the end of December 2022.
NVIDIA announced a 7 percent increase in its quarterly cash dividend to $0.16 per share. NVIDIA intends to return an additional $3 billion to shareholders by the end of fiscal 2020, which may begin in the fourth quarter of fiscal 2019
Whether this miss derails the rally remains to be seen. My hunch says semis will lead tech lower today. We’re past the China trade war narrative, and the Fed. Now we’re talking about fundamental weakness in some key names, such as NVDA and AAPL.
I had a great day — but I’m already in the hole by ~1.5% in the AHs for tomorrow’s session.
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Price discovery FTW.
Fly, I guess now I’ll point out that your Sharpe basket is down -2.2% since 4/4/2018, while SPY is up 3.6% and QQQ are up 5.2%. If you average the two for a baseline and annualize the result, this gives your Sharpe Basket an alpha of -1100 basis points.
QED
https://ibankcoin.com/flyblog/2018/04/04/advisorfags-get-sharpe-ratios-added-exodus/#comment-548617
#retardedmath
Those that have the capability of calculating the above result by themselves – such as Fly – know that the Numbers are correct. Ignorant fools like yourself can’t follow the math, so it’s not worth showing my work.
@juice For (still) supporting Trump, the said executive is either a white supremacist or someone who harbors them. While removing him from the company may seem intolerant to some, their decision was neither entirely unjust nor indecent. They sure have the right to decide what employees should be on their staff.
@numbers 50% isn’t surprising to me. With the exception of 1996, white women voted Republican in every presidential election since Barry Goldwater. My long term goal is to make the GOP as anti-Medicare as they can be–for the policy results of reducing people’s life expectancy–in order to effect the desired demographic shifts more promptly.
No one gives a flying fuck what mud country you are from. Go back. Then come back bleached you race baiting piece of shit.
Apparently they gave a fuck.
I have been back to the (not so great) state of Georgia where I’m from and helping to fight a white supremacist named Brian Kemp.
You’re welcome.
Kemp is lightyears better than that commie fat cow from Minnesota you and Oprah wanted to stuff into the governorship of the Great State of Georgia.
He suppressed just enough minority votes this time to steal the election. The federal district court already ruled that he broke the law–the 1964 Civil Rights Act, no less.
In another 4 years, he won’t be able to do it again as the state becomes greater/more “diverse” (i.e., another shade darker). So, enjoy him while you still can–his time in power is limited.
At least there aren’t any pictures of him defiling and burning the Georgia State Flag like there is of Ms. Stacy Abrams.
She exercised her First Amendment rights by speaking out and burning one particular version of the state flag to which some sore losers (whose ancestors lost the Civil War) affixed the Confederate flag.
I commend her for setting shit on fire without feeling the need to hide herself under pieces of white clothes.
She brought nothing to the table good for Georgia. She is in favor of banning guns. The same guns the Republicans gave the Black Georgians to defend themselves from the Democratic KKK back in the day.
Ironman voted and then went back to his jalopy-ass rag for a gas cap car and changed shirts and put on a hat and voted twice because he believes 200%
The pun upon the death of Maggie Thatcher was: “May the Iron Lady rust in piss.”
She did ruin plenty of lives (of mostly the less fortunate) to earn that kind of hatred towards her.
Lyndon; read your posts. You really are an obnoxious , self righteous jerk. Get well soon.
@braonze28 Thanks. That’s the whole point. I never meant to make friends on the Internet.
TL;DR
I’ll just assume it says “kill whitey”.
It says kill the right ones, not kill indiscriminately.
Making the GOP (even) more anti-Medicare is tantamount to making the elderly Caucasian demo choose between keeping themselves alive and keeping white supremacy alive.
They chose the former in elections 2018.
“I commend her for setting shit on fire without feeling the need to hide herself under pieces of white clothes.”
upvote.
With Republicans talking out loud about how much they enjoy bearing (front-row) witness of lynchings, Mississippi Burning is as relevant as ever.
The prediction for SOX tomorrow? “Pain”…
https://www.youtube.com/watch?v=lSPNQ82Sq4E
Numbers ,
Go back to the post on brexit. We are not finished yet
Regards
Chuck Bennett
Georgia, Nothing but rednecks and hyper violent Hoolies, add a mix of snow birds who are astounded at the large population of blacks and there you have the New South.
Dude. The South has always had blacks. They are Americans. It is the invasion of Latinos and true Africans and Asians that is changing the game. Throw in all those fags and game over.
I like you for being a tad more inclusive than the white supremacists. That makes you way more progressive than the “moderate” Republicans.
Throw in China buying up all the real estate and driving $100,000 cars into ditches like a school boy on a go kart.
All good as long as they stay buying more cars after crashing them. Good for the auto industry and the GDP.
Dude fuck that noise !
why would anyone buy in advance of earnings results? where is your edge in doing that? especially in this market where you get massacred for any and all reasons. You might as well go to a casino.