NVIDIA beats on Q4 top and bottom line earnings but share price falls in the grey market

Probably the most eagerly awaited US Q3 earnings report of all has just been released from the US tech titan, NVIDIA (NVDA). As outlined here earlier today, the markets were expecting an EPS of $0.75 and Q3 revenue of $33.12 billion dollars. The actual results were as follows- EPS was at $0.78 and revenue for the period was $35.08. Perhaps more importantly the forwards guidance was a major key here and that was positive for Q4 above $37 billion. The shares closed lower today by $1.12, at $145.89. Well, surprisingly the grey market price of NVDA has fallen and initially dropped below $140 on this news. Now that seems rather surprising, but perhaps more for the Q4 outlook, which seems to have been an expectation for something better. The grey market share price is now recovering the initial move lower though, but is still below where the stock closed this evening. The Nasdaq 100 futures are lower as well.