Earnings

Nvidia (NVDA) earnings report Q1 2024

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Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei.

Tyrone Siu | Reuters

Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 26% in extended trading.

Here’s how the company did versus Refinitiv consensus estimates for the quarter ended in April:

  • EPS: $1.09, adjusted, versus 92 cents expected
  • Revenue: $7.19 billion, versus $6.52 billion expected

Nvidia said it expected sales of about $11 billion, plus or minus 2%, in the current quarter, more than 50% higher than Wall Street estimates of $7.15 billion.

Prior to the after-hours move, Nvidia stock was up…



Source cnbc.com

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