Shares of Nvidia were up 5.16% on Thursday after the company delivered better-than-expected financial results for the fiscal first quarter (which ended May 1). For the quarter, revenue grew 46% year over year. While it decelerated from the previous quarter's 53% growth rate, revenue of $8.29 billion beat expectations for $8.1 billion.
Moreover, adjusted earnings per share of $1.36 increased by a healthy 49% year over year and also slightly beat analyst estimates.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments