published: 2024-08-28 22:36
Nvidia’s quarterly revenue and adjusted earnings per share exceeded expectations. However, the company’s shares fell about 4%. in the first response to the report, according to information provided by CNBC.
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The supplier of chips for artificial intelligence increased revenue by 122% in the last quarter. to 30.04 billion US dollars. $28.7 billion was expected. Adjusted earnings per share were 68 cents, 4 cents higher than analysts expected.
Nvidia’s predictions were also a nice surprise. The company expects revenue of $32.5 billion in this quarter. Analysts expected $31.77 billion.
Nvidia also announced approval for a $50 billion share buyback.
2024-08-28 20:36:00
#Nvidia #cheaper #response #results #forecasts
