NVIDIA beats by $0.39, beats on revs; guides Q2 revs above consensus (260.13 +4.35)
- Reports Q1 (Apr) earnings of $2.05 per share, excluding non-recurring items, $0.39 better than the Capital IQ Consensus of $1.66; revenues rose 65.6% year/year to $3.21 bln vs the $2.88 bln Capital IQ Consensus.
- Non-GAAP Gross Margins were 64.7% vs. 59.6% a year ago
- For fiscal 2019, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.
- Co issues upside guidance for Q2, sees Q2 revs of $3.04-3.16 bln ($3.1 bln +/- 2%) vs. $2.95 bln Capital IQ Consensus Estimate; GAAP and non-GAAP gross margins are expected to be 63.3 percent and 63.5 percent, respectively, plus or minus 50 basis points.