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Nvidia Analysts Express Caution Ahead of This Week's Earnings

Jacob Sonenshine

TheStreet will be live blogging Nvidia's first-quarter earnings after the close on Thursday, April 16. Wall Street expects first-quarter adjusted earnings from Nvidia of 81 cents a share, down 61% from a year earlier, and revenue of $2.195 billion, a 31% year-over-year decline, according to FactSet. "We've lowered our FY20 estimates for Nvidia due to more dramatic slowing of data center spending and potentially lower PC GPU ASP [average selling price] in FY20 after years of increasing ASP," Stifel analyst Kevin E. Cassidy wrote in a note.