NVIDIA Demolishes Wall Street's Q2 Expectations
- August 23rd, 2023
- 337 views
NVIDIA Corporation (Nasdaq: NVDA), a leading technology company specializing in graphics processing units and artificial intelligence solutions, reported second-quarter fiscal 2024 earnings of $2.70 per share, surpassing the consensus EPS estimate of $2.09. The company's quarterly sales reached $13.51 billion, exceeding analysts' projected revenue of $11.22 billion.
Looking ahead to the Q3 of fiscal 2024, NVIDIA anticipates revenue to be $16.00 billion, with a potential variance of plus or minus 2%, in contrast to the consensus estimate of $12.61 billion in revenue for the period.
Moreover, NVIDIA has authorized an additional $25.00 billion in share repurchases, without specifying an expiration date.
In after-hours trading, $NVDA was trading at $499.68, up $28.52 (+6.05%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Tags
Post Your Comments
Want To Find Some News?
Recent Posts
-
Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024Key Metrics: CyberArk Software, Hudbay Minerals, and Sonos Earnings Due
November 11th, 2024Earnings: What to Expect from Occidental Petroleum, Rocket Lab, and CAE
November 10th, 2024Earnings Countdown: Home Depot, Sea Limited, and Natera in the Spotlight
November 10th, 2024Ahead of Earnings: DoorDash, MetLife, and Exelon in the Spotlight
October 27th, 2024
Member Login