NVIDIA (NASDAQ:NVDA) reported third-quarter fiscal 2020 results after the market closed last Thursday. The graphics processing unit (GPU) specialist’s revenue fell 5% year over year to $3.01 billion, and earnings per share (EPS) adjusted for one-time items slipped 3% to $1.78.
Year-over-year declines were expected due to temporary issues in the company’s gaming and data center businesses that began about a year ago. On the positive side, both the top and bottom lines were up solidly from the second quarter. Moreover, strong year-over-year growth is on track to resume in the fourth quarter.
https://www.fool.com/investing/2019/11/19/nvidia-stock-is-set-to-soar-on-artificial-intellig.aspx
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