Nvidia stock rose more than 5% in extended trading after it reported earnings on Wednesday for its third fiscal quarter that beat expectations for both earnings and sales.
The company also issued a bullish forecast for revenue in the current quarter ending in January.
Here’s how it did versus Refinitiv consensus expectations for the quarter ending Oct. 31:
- Earnings: $1.17, adjusted, versus $1.11 expected, up 60% year over year
- Revenue: $7.10 billion versus $6.82 billion expected, up 50% year over year
Nvidia said it expects to report around $7.4 billion in the current quarter, ending in January, higher than analyst expectations of $6.86 billion.
Nvidia stock has been on a big run, with shares…