NVIDIA Corporation Stock Skyrockets On Earnings, Walt Disney Co Falls

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NVIDIA Corporation Stock Skyrockets On Earnings, Walt Disney Co Falls
Mizter_x94 / Pixabay

NVIDIA and Walt Disney released their latest earnings reports after closing bell tonight. NVIDIA posted earnings of 94 cents per share on $2 billion in sales, compared to the consensus estimates of 57 cents per share and $1.69 billion in revenue. In last year’s third quarter, the chip maker reported $1.31 billion in sales and non-GAAP earnings of 46 cents per share.

Walt Disney reported adjusted earnings of $1.10 per share on $13.1 billion in revenue, while the Street was looking for earnings of $1.16 per share and $13.5 billion in sales. In last year’s fourth fiscal quarter, the company posted adjusted earnings of $1.20 per share, diluted earnings of 95 cents per share and $13.5 billion in sales.

NVIDIA issues strong guidance

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