Business, Graphics, Hardware, VR World

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

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Business, Graphics, Hardware, VR World

Nvidia Mistakenly Announces Quarterly Earnings, Full Report Tomorrow

Nvidia GPU Logo

Someone inside of Nvidia’s [NASDAQ:NVDA] investor relations is probably having a really bad day today, following yesterday’s mistake regarding their earnings release where they mistakenly released the company’s preliminary earnings release internally to a group of 100 people, which potentially violates regulations set forth by the SEC that require any knowledge of earnings to be made public immediately if there is a possibility of that information going public. In order to be compliant, Nvidia wanted to prevent any of this preliminary earnings knowledge from reaching people before it reached the public. Nvidia did not actually email anyone outside of the company prior to a public

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