This afternoon, NVIDIA announced their earnings for the fourth quarter of their 2019 fiscal year, which ended January 27. As expected, revenues were sharply hit by the crash of the cryptocurrency markets, and the Santa Clara company faced a year-over-year revenue drop of $706 million, or 24%, with fourth-quarter revenues of $2.2 billion. Gross margin fell to 54.7%, down 7.2% from Q4 2018. Operating income was down a dramatic 73% to $294 million, although net income was only down 49%, coming in at $567 million. This resulted in diluted earnings-per-share of $0.92, down 48% from a year ago. NVIDIA Q4 2019 Financial Results (GAAP) Q4'2019 Q3'2019 Q4'2018 Q/Q Y/Y Revenue $2205M $3181M $2911M -31% -24% Gross Margin 54.7% 60.4% 61.9% -5.7% -7.2% Operating Income $294M $1058M $1073M -72% -73% Net Income $567M $1230M $1118M -54% -49% EPS $0.92 $1.97 $1.78 -53% -48% For the full fiscal year though, earnings were still very solid, with revenue up 21% to $11.7 billion...

ATI Rage 128

0 by Anand Lal Shimpi on 12/9/1998

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