“Nvidia stock surges after earnings beat estimates across the board”
February 27, 2024
“….For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia reported EPS of $0.88 on $6.1 billion a year ago. To put a finer point on Nvidia’s performance, the company reported $27 billion in revenue for all of 2022.
The company also guided higher than analysts’ expectations for the first quarter, saying it anticipates revenue of $24 billion, plus or minus 2%. Wall Street was expecting $21.9 billion for the quarter… Shares of Nvidia were up more than 15% in Thursday trading following the report…”