Nvidia exceeded estimates for the fourth quarter, with a first-quarter revenue forecast of $43 billion, slightly ahead of consensus.
What to know: Nvidia Company (NVDA) surprised few by reporting earnings per share for the fourth quarter of $0.89, topping estimates of $0.84. Revenue of $39.33 billion exceeded the forecast of $38 billion. The first quarter revenue forecast of $43 billion contradicts the Street consensus of $42.3 billion. The first-quarter gross margin forecast at 71% is likely a moderate disappointment. This is down from 73% in the just-published fourth quarter and 76% a year earlier. Stocks are bouncing, but there are currently insignificant changes in actions outside of working hours. The management conference call starts at 17:00 Eastern Time after the profit reports. Crypto Check revealed that Bitcoin (BTC) has further dropped by almost 5% in the last 24 hours to $84,300. Tokens linked to artificial intelligence were the top performers today, showing a modest increase over the past 24 hours.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Nvidia exceeded estimates for the fourth quarter, with a first-quarter revenue forecast of $43 billion, slightly ahead of consensus.
What to know: Nvidia Company (NVDA) surprised few by reporting earnings per share for the fourth quarter of $0.89, topping estimates of $0.84. Revenue of $39.33 billion exceeded the forecast of $38 billion.
The first quarter revenue forecast of $43 billion contradicts the Street consensus of $42.3 billion. The first-quarter gross margin forecast at 71% is likely a moderate disappointment. This is down from 73% in the just-published fourth quarter and 76% a year earlier.
Stocks are bouncing, but there are currently insignificant changes in actions outside of working hours. The management conference call starts at 17:00 Eastern Time after the profit reports.
Crypto Check revealed that Bitcoin (BTC) has further dropped by almost 5% in the last 24 hours to $84,300. Tokens linked to artificial intelligence were the top performers today, showing a modest increase over the past 24 hours.