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Nvidia Reports Strong 1Q 2015, Following Error

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As we had reported, Nvidia announced very strong preliminary earnings for the fiscal first quarter of 2015, calendar Q1 2014. They were supposed to announce their earnings today, May 8th, however someone had mistakenly sent the preliminary earnings announcement to 100 internal users and they decided to make those figures public to avoid any potential insider trading issues. In terms of Nvidia’s earnings [NASDAQ:NVDA] themselves, the company reported for their fiscal first quarter of 2015, which is actually the first calendar quarter of 2014, earnings of $136 million on $1.1 billion in revenue, which is down sequentially from the fourth quarter where Nvidia is traditionally