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NVIDIA Earnings, Revenue Beat in Q1 -Breaking

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© Reuters NVIDIA Earnings, Revenue Beat in Q1

NVIDIA (NASDAQ 🙂 announced Wednesday its first quarter results that exceeded analysts’ expectations and generated revenue above all expectations.

NVIDIA posted earnings per share (EPS) of $1.36 for revenue $8.29 billion. Investing.com polled analyst to predict EPS of $1.3 based on $8.12B revenue.

NVIDIA shares have fallen 42% since the start of the year. However, they are still 51.01% below its 52-week high of $346.47 on November 22, 2021. They are under-performing the S&P 500 which is down 16.52% from the start of the year.

NVIDIA shares were down 7.42% during after-hours trading following the release.

NVIDIA reports on other notable earnings from the Information Technology Sector this month

NVIDIA reports on an Apple earnings beat of April 28th. Apple reported EPS $1.52 for revenue $97.28B. NVIDIA forecasts EPS $1.42 for revenue $94.03B.

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Microsoft beat all expectations with a third quarter earnings per share of $2.22 on $49.36B in revenue, as compared to the forecast of EPS at $2.19 for $49.02B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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