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MarketWatch MarketPulseNov 15, 2018
Nvidia stock drops 15% as earnings, outlook miss
Nvidia Corp. shares plunged in the extended session Thursday after the chipmaker's earnings and outlook fell short of Wall Street estimates. Nvidia shares plunged 16% after hours, following a 2.6% rise to close the regular session at $202.39. The company reported third-quarter net income of $1.23 billion, or $1.97 a share, compared with $838 million, or $1.33 a share, in the year-ago period. On a fully adjusted basis, which strips out stock compensation, earnings were $1.84 a share. Revenue rose to $3.18 billion from $2.64 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast fully adjusted earnings of $1.93 a share on revenue of $3.24 billion. For the fourth quarter, Nvidia expects revenue of $2.65 billion to $2.75 billion, while analysts had forecast revenue of $3.4 billion.

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NYTimes BusinessNov 14, 2018
Amazon's New York Home Qualifies as ‘Distressed' Under Federal Tax Law
The Long Island City site was designated as an "opportunity zone," an incentive created by President Trump's tax bill to help low-income areas attract investment.
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