Nvidia revenue falls 17% - Check out the entire story here - Check out in detail

Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October

The sales have beaten analyst expectations but earnings per share coming in light.

Nvidia is closely watched by analysts and investors as a leading indicator for the health of the technology industry

how the company did versus Refinitiv consensus estimates: EPS: $0.58, adjusted, versus $0.69 expected Revenue: $5.93 billion, versus $5.77 billion expected

Nvidia said it expected about $6 billion in sales in the fourth quarter, lower than Refinitiv consensus estimates of $6.09 billion.

Gross margin for the third quarter was down 11.6 percentage points to 53.6%

Revenue was down 17% on a year-on-year basis.

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