Nvidia stock pops 4% after results, guidance top estimates
Daniel Howley
Thu, May 23, 2024 at 5:24 AM GMT+9
Nvidia (NVDA) reported its fiscal first quarter earnings after the bell on Wednesday, beating Wall Street’s expectations on both the top and bottom line and announcing a 10-for-1 stock split set to take effect June 7. The company also announced it is raising its dividend from $0.04 per share to $0.10.
The company saw adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 261%, respectively, from a year ago.
Analysts were expecting Adj. EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.
In the current quarter, Nvidia expects revenue of $28 billion plus or minus 2% in the coming quarter. That’s better analysts had expected.
Nvidia stock rose as much as 4% in extended trading on Wednesday.
Nvidia stock pops 4% after results, guidance top estimates
Daniel Howley
Thu, May 23, 2024 at 5:24 AM GMT+9
Nvidia (NVDA) reported its fiscal first quarter earnings after the bell on Wednesday, beating Wall Street’s expectations on both the top and bottom line and announcing a 10-for-1 stock split set to take effect June 7. The company also announced it is raising its dividend from $0.04 per share to $0.10.
The company saw adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, a jump of 461% and 261%, respectively, from a year ago.
Analysts were expecting Adj. EPS of $5.65 on revenue of $24.69 billion, according to data from Bloomberg. The company reported adjusted EPS of $1.09 on revenue of $7.19 billion in the same quarter last year.
In the current quarter, Nvidia expects revenue of $28 billion plus or minus 2% in the coming quarter. That’s better analysts had expected.
Nvidia stock rose as much as 4% in extended trading on Wednesday.