Nvidia stock jumps after Q2 earnings, guidance trounces estimates

Nvidia’s (NVDA) second quarter results smashed analyst expectations on both the top and bottom lines. The company reported adjusted earnings of $2.70 a share compared to estimates of $2.07. Revenue of $13.51 billion was well above Street estimates of $11.04 billion. Nvidia’s third quarter revenue outlook was also far better than expected. The company also authorized a $25 billion share buyback. CFRA Research Senior Equity Analyst Angelo Zino joined Yahoo Finance Live anchors Seana Smith and Diane King Hall to discuss the results. Zino says the guidance was “fantastic” and that “it’s absolutely astonishing how quickly the revenue trajectory of this company has grown over the last two to three quarters.” Zino even makes the case that “Nvidia is probably going to be the most important company to civilization over, we think, the next five to ten years.”
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