Earnings

Nvidia (NVDA) earnings report Q2 2024

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Nvidia founder, President and CEO Jen-Hsun Huang

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Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal second quarter and issued optimistic guidance for the current period.

Here’s how the company did in the quarter ending July 30:

  • Earnings: $2.70 per share, adjusted, versus $2.09 per share expected by Refinitiv.
  • Revenue: $13.51 billion versus $11.22 billion expected by Refinitiv.

Nvidia said it expects fiscal third-quarter revenue of about $16 billion, higher than $12.61 billion forecast by Refinitiv. Nvidia’s guidance suggests sales in the current quarter will grow 170% from the year-earlier period.

Net income jumped to $6.19…



Source cnbc.com

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