Nvidia reports — What to know in markets Thursday

Chipmaker Nvidia (NVDA) will report Q4 and full-year 2018 financial results after the close on Thursday. The company has been in the spotlight after issuing weak revenue guidance at the end of January. Nvidia warned investors that weakness in its gaming and datacenter platforms will likely negatively impact revenue in Q4. The company cited slowing demand for both Nvidia’s gaming graphics processor units (GPUs) and a slowdown in demand for crypto-mining related chips. Nvidia lowered its revenue expectations for Q4 to $2.2 billion from $2.7 billion.

“Q4 was an extraordinary, unusually turbulent, and disappointing quarter,” CEO Jensen Huang said in a statement on January 28.

Despite the ongoing trade war between the U.S. and China, chip stocks have been on fire and have outperformed the broader market this year. Nvidia stock has soared 15% in 2019 but is underperforming its rivals. Advanced Micro Devices (AMD) shares surged 24%, while Micron (MU) jumped 32% and Applied Materials (AMAT) was up 25%. The S&P 500 was up 10% in the same time period.

Analysts are expecting Nvidia to report earnings of 78 cents per share on $2.2 billion in revenue.

Some other notable earnings reports scheduled for Thursday include AstraZeneca (AZN), Bloomin’ Brands (BLMN), CME Group (CME), Incyte (INCY), Coca-Cola (KO) and Yeti Holdings (YETI) before market open; Applied Materials (AMAT), Canopy Growth (CGC) and CBS Corporation (CBS) report after market close.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

More from Heidi:

This travel startup wants to up your vacation Insta game

Wall Street is rethinking its 2019 investment strategy

It’s all about the experiences this Valentine’s Day, according to Mastercard

Yum Brands earnings disappoint, but KFC, Taco Bell and Pizza Hut sales beat

Legendary tech investor on Snap: I just don’t think they have a prayer long term