If Nvidia Was Still Trading Below $100, Its Strong Earnings Would Spark a Rally

But since shares have risen more than four-fold since then, markets have given a muted response to the company’s results and guidance. Three months after blowing away October quarter estimates and issuing January quarter sales guidance that was far above analyst estimates, Nvidia beat its gaudy outlook by reporting January quarter revenue of $2.17 billion and EPS of $0.99.