Nvidia (NVDA) could be in focus after it said its first quarter revenues rose 51% year-over-year to $664.2 million. The company reported earnings of 23 cents per share compared to a loss of 37 cents per share in the year-ago quarter.
Analysts estimated earnings of 21 cents per share on revenues of $986.2 million. For the second quarter, the company expects revenues to rise 3%-5% sequentially.
The consensus estimates called for earnings of 36 cents per share on revenues of $1.13 billion. The company also announced the resignation of president and COO Michael Christenson, while it also said its board has approved a new stock buyback plan worth $500 million.
For the full year, the company expects revenues of $4.5 billion to $4.6 billion and non-GAAP earnings of $1.87-$1.95 per share. Analysts estimate earnings of $1.84 per share on revenues of $4.59 billion.
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