$287.25 +16.47 (6.08%) ~ After Hours
Graphics chip giant Nvidia (NVDA) reported its Q4 2020 earnings after the bell on Thursday beating Wall Street’s expectations on the top and bottom line. The report comes amid a strong rebound in the data center industry, as well as the ongoing impact of the coronavirus sweeping across the tech landscape.
Here are the most important numbers from the report compared to what analysts were expecting as compiled by Bloomberg.
- Revenue: $3.11 billion versus $2.96 billion expected
- Earnings per share: $1.86 versus $1.66 expected
- Data center revenue: $958 million
- Gaming revenue: $1.49 billion
Facebook faces some obvious headwinds over the next few years. Management are aware, and they’re already trying to navigate them. Despite the headwinds, there are still a number of saving graces that will see this stock move up and to the right over the next several years. A recent addition to the buyback authorization only makes Facebook more appealing.
Pinterest, Inc. is a social media web and mobile application company. It operates a software system designed to enable saving and discovery of information on the World Wide Web using images and, on a smaller scale, GIFs and videos. The site was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp.
We like the Pinterest story, because it’s supported by secular user, revenue, margin, and profit growth drivers. Second quarter numbers breezed past estimates, and affirmed that this company is at the beginning of a promising multi-year growth narrative.
But the valuation underlying PINS stock already prices in a bunch of that growth.Further near-to-medium term upside in PINS stock may ultimately be limited by an overheated valuation.