Nvidia Corporation Beats Earnings Estimates, Eastman Kodak Company Reports

Nvidia Corporation Beats Earnings Estimates, Eastman Kodak Company Reports
Mizter_x94 / Pixabay

Nvidia and Eastman Kodak released the earnings results from their most recently completed quarters after closing bell tonight. Nvidia posted adjusted earnings of 33 cents per share, a 14% year over year increase, on $1.15 billion in revenue, a 4% increase from last year, for its first fiscal quarter of 2016. Analysts had been expecting earnings of 25 cents per share on $1.16 billion in revenue. In the first quarter of fiscal 2015, the company reported earnings of 29 cents per share on $1.1 billion in revenue.

Eastman Kodak posted sales of $427 million, a $61 million decline year over year due to currency headwinds and falling sales of legacy products. Net losses plunged from $34 million last year to $54 million. Losses from continuing operations before taxes rose $10 million.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

Key metrics from Nvidia’s earnings report

Nvidia’s net earnings were 24 cents per share, which was flat with last year. The company’s GAAP gross margin increased to 56.7%, setting a new record.

Nvidia also announced plans to wind down or sell its Icera modem segment, which it expects to benefit its non-GAAP operating expenses in the second half of the year. The company said it will then focus on deep learning, self-driving cars and gaming. Nvidia expects to restructuring charges of between $100 million and $125 million, mostly during the 2016 fiscal year.

For the second fiscal quarter, Nvidia expects about $1.01 billion in revenue, +-2%, missing the consensus estimate of $1.18 bi