NVIDIA Corporation Q3 adjusted earnings Beat Estimates
NVIDIA Corporation (NVDA) revealed earnings for its third quarter that increased from last year.
The company’s earnings came in at $1.34 billion, or $2.12 per share. This compares with $0.90 billion, or $1.45 per share, in last year’s third quarter.
Excluding items, NVIDIA Corporation reported adjusted earnings of $1.83 billion or $2.91 per share for the period.
Analysts had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 57.1% to $4.73 billion from $3.01 billion last year.
NVIDIA Corporation earnings at a glance:
-Earnings (Q3): $1.83 Bln. vs. $1.10 Bln. last year.
-EPS (Q3): $2.91 vs. $1.78 last year.
-Analysts Estimate: $2.57
-Revenue (Q3): $4.73 Bln vs. $3.01 Bln last year.
Key Trump Aide Taking China Message on Vietnam, Philippines Trip
U.S. National Security Advisor Robert O’Brien is traveling to Vietnam and the Philippines this week as the Trump administration continues its efforts to counter China and deepen ties with the Southeast Asian nations, according to two U.S. officials.
O’Brien has meetings with Vietnamese security officials in Hanoi on Saturday and will give remarks to students at Vietnam National University on Sunday.
O’Brien’s visit will make him the second high-level Trump administration official to to travel to Vietnam in the past month. Secretary of State Michael Pompeo was there in late October to discuss the U.S. strategy toward the Indo-Pacific region, just days after Vietnam freed an American who had been jailed since 2019.
U.S.-Vietnam ties have improved notably in recent years. U.S. Navy ships now do port calls in Vietnam, and the two nations in Julyjointly protested Chinese military drills in the South China Sea. Nevertheless, Vietnam was part of a 15-nation trade deal reached this week that includes China, Japan and South Korea — but not the U.S.
After visiting Vietnam, O’Brien will travel to the Philippines on Sunday evening and Monday, laying a wreath at an American cemetery and meeting with national security officials in Manila, the officials said.
Watch: Day 2 at the DealBook summit.
Keysight Technologies, Inc. Q4 adjusted earnings Beat Estimates
Keysight Technologies, Inc. (KEYS) announced a profit for its fourth quarter that advanced from the same period last year.
The company’s profit came in at $217 million, or $1.15 per share. This compares with $195 million, or $1.02 per share, in last year’s fourth quarter.
Excluding items, Keysight Technologies, Inc. reported adjusted earnings of $305 million or $1.62 per share for the period.
Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 8.9% to $1.22 billion from $1.12 billion last year.
Keysight Technologies, Inc. earnings at a glance:
-Earnings (Q4): $305 Mln. vs. $254 Mln. last year.
-EPS (Q4): $1.62 vs. $1.33 last year.
-Analysts Estimate: $1.46
-Revenue (Q4): $1.22 Bln vs. $1.12 Bln last year.
Next quarter EPS guidance: $1.32 – $1.38
Next quarter revenue guidance: $1.14 – $1.16 Bln
DBS has the firepower to right LVB ship
SINGAPORE – Fortune favours the brave, as the saying goes.
The question for DBS is whether the Reserve Bank of India’s call to amalgamate troubled Lakshmi Vilas Bank (LVB) with the Singapore bank has fortune written all over it.
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Auckland traffic: Harbour Bridge lane blocked after crash
Motorists heading north on Auckland’s Harbour Bridge are facing delays after a crash.
The crash in the right northbound lane just before 9.45am and took 20 minutes to clear.
As a result traffic is backing up through Spaghetti Junction andat St Mary’s Bay.
Motorists are being advised to pass with care and expect delays.
More to come
Race to the Suburbs Sparks Boom in Rental-House Construction
The Covid-19 pandemic has sent Americans searching for larger living spaces for the work-from-home era, accelerating demographic shifts to the suburbs and attracting new pools of capital to single-family rental homes.
It’s also sparked a mini-boom in rental-home construction. Builders started work on roughly 14,000 rental houses during the third quarter, according to a National Association of Home Buildersanalysis of census data.
That number — which includes homes that are built and held as rentals, but not homes that are sold by builders to rental operators — is up 27% from 11,000 homes in the third quarter of 2019.
Read more: Wall Street’s New Suburban Subdivision Is Full of Renters
While purpose-built rentals represent a small share of total new-home starts, there’s good reason to think that the number will keep growing. The flight to the suburbs is likely to continue, leading Wall Street firms likeJPMorgan Chase & Co.’s asset-management arm andWalton Street Capital to make new bets on suburban rentals.