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American company NVidia, specializing in the release of graphics processors, following the results of the first fiscal quarter to April 28, reported the decline in net profit by 68% compared to the same period last year to $394 million. Per share, the index fell to 64 cents, while economists forecast 58 cents per share. Revenues amounted to 2.22 billion dollars, a decrease of 31% over the year. According to experts, the figure was expected at $2.2 billion. The revenue of the chip division declined by 10%. The gaming business fell by 39%. The company expects weak sales in the data center division in the second financial quarter. Over the past 12 months, NVidia's capitalization has decreased by 34.9%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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