Simona Jankowski, you may begin your conference. At this time, I would like to welcome everyone to the NVIDIA’s Third Quarter Earnings Call. My name is Saydie, and I will be your conference operator today.
Timothy Arcuri - UBS - Analyst Presentation: Stacy Rasgon - Bernstein Research - Analyst
Jensen Huang - Founder, President and Chief Executive Officer Analysts: 17, 2021 Corporate Participants:Ĭolette Kress - Executive Vice President and Chief Financial Officer Efforts to drive further gains in the post-Covid era, such as boosting enterprise sales and new offerings like Phone and WhiteBoard, may not be enough to sustain growth due to rising competition from Microsoft Teams and slowing IT budgets at smaller business clients, according to Citi analysts who downgraded its shares to sell this week.NVIDIA Corporation ( NASDAQ: NVDA) Q3 2021 earnings call dated Nov. The video conferencing provider is likely to see y/y revenue growth drop into the single digits for the first time since it went public, based on the company’s own forecast and consensus estimates, as a weakening economy and broader return-to-office trends cut into sales. Monday: Zoom Video ( ZM US) will report after-market. Reports next week will give investors further insight into the second-half for retailers, chipmakers and software providers as the peak earnings period draws to a close. Yet evolving shopping behaviors across the income spectrum, along with price markdowns from excess inventory, are contributing to the highest proportion of earnings misses for the consumer discretionary sector than elsewhere in the S&P 500 this season. Better-than-expected US retail sales data and upbeat outlooks from Walmart and Target this week demonstrated the resilience of the American consumer amid hyperinflation and rising rates.
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