Nvidia to Report Earnings Tuesday; Analysts Expect About $109B in Sales
· 1 sources
Opening Bell Daily reports Nvidia will post earnings Tuesday after the close, with analysts looking for about $109 billion in sales.
What happened
Nvidia is set to report its latest earnings on Tuesday after the market close, according to Opening Bell Daily.
The outlet says analysts are looking for sales of about $109 billion. It describes that figure as nearly double the level of a year ago.
Context
Nvidia's quarterly results are closely followed by market participants, given the company's prominent position in the technology sector.
Why it matters
The results may draw attention from investors because sales expectations are described as nearly double the year-earlier level.
Stocks in this story
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$155.16Fair range: $112.11 to $214.75The price ($161.97) is 4.4% above that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $146.53 and $176.73; 9 in 10, between $124.10 and $208.66.
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