Nvidia grew Q3 revenue and profits as inventory clouds gather
Nvidia reported its financial results for the third quarter of its fiscal 2019 today. The company brought in revenue of $3.18 billion, up 21% from this time last year, and operating income of $1.06 billion, up 18% from a year ago. The company also posted net income of $1.23 billion, up 47% from a year ago, and diluted earnings per share of $1.97, up 48% from this time in 2017. Gross margin rang in at 60.4%, up 0.9 percentage points from this time last year. The company's stock fell about 16% in after-hours trading on those numbers, thanks to a miss on Wall Street analyst estimates.
Nvidia unsurprisingly continues to make the lion's share of its revenue from its GPUs. Across all of its GPU-related businesses, the company brought in $2.77 billion in revenue, up 25% from a year ...