NVIDIA Announces Q1 2015 Results Early After 'Inadvertent' Internal Email - NVIDIA (NASDAQ:NVDA)

Prior to the opening bell today, NVIDIA

NVDA

released a preview of its Q1 2015 financial results. This release came after an inadvertent email to around 100 individuals on an internal distribution list. The company will release a full report as planned later this week on May 8th followed by a 5:00 pm (ET) conference call. The market reacted to this release with an initial ~$0.23 spike in share price and has since came back down ~2 percent thus far in today's trading. The following data was provided in today's release

GAAP Quarterly Results

Revenue down 4 percent Q/Q at $1,102.8 M
Gross Margin up 70 bps at 54.8 percent
Operating Expenses up 4 percent Y/Y at $452.8 M
Net Income down 7 percent Q/Q (up 75 percent Y/Y) at $136.5
Earnings Per Share down 4 percent Q/Q at $0.24

non-GAAP Quarterly Results

Revenue down 4 percent Q/Q at $1,102.8
Gross Margin up 130 bps at 55.1 percent
Operating Expenses up 4 percent Y/Y (1 percent Q/Q) at $410.8
Net Income down 11 percent Q/Q (up 46 percent Y/Y) at $166.1
Earnings Per Share down 9 percent at $0.29

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