NVIDIA Announces Q1 2015 Results Early After 'Inadvertent' Internal Email

Benzinga

Prior to the opening bell Tuesday, NVIDIA (NASDAQ: NVDA) released a preview of its Q1 2015 financial results. This release came after an inadvertent email to around 100 individuals on an internal distribution list. The company will release a full report as planned on May 8 followed by a 5:00 p.m. EST conference call.

The market reacted to this release with an initial $0.23 spike in share price and has since came back down about two percent thus far in Tuesday's trading.

The following data was provided in today's release
GAAP Quarterly Results

  • Revenue down four percent Q/Q at $1,102.8M
  • Gross Margin up 70 bps at 54.8 percent
  • Operating Expenses up four percent Y/Y at $452.8M
  • Net Income down seven percent Q/Q (up 75 percent Y/Y) at $136.5M
  • Earnings Per Share down four percent Q/Q at $0.24

non-GAAP Quarterly Results

  • Revenue down four percent Q/Q at $1,102.8M
  • Gross Margin up 130 bps at 55.1 percent
  • Operating Expenses up four percent Y/Y (one percent Q/Q) at $410.8M
  • Net Income down 11 percent Q/Q (up 46 percent Y/Y) at $166.1M
  • Earnings Per Share down nine percent at $0.29

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