Nvidia Stock Rises After Earnings Beat Estimates, Company Announces 10-for-1 Split
Nvidia shares rose in late trading after the company’s latest quarterly results beat analysts' expectations for sales and net income. Nvidia stock was recently up about 3% after finishing the regular session down 0.5%. Here’s a look at some of the high-level results, compared with Wall Street’s expectations: + Quarterly revenue of $26 billion; analysts were looking for $24.6 billion, and the number also beat management's guidance + Net income of $14.9 billion; analysts were looking for $13.1 billion + GAAP earnings of $5.98 per share; analysts were looking for $5.19 per share The company guided investors toward current-quarter revenue of about $28 billion, ahead of FactSet's $26.6 billion consensus estimate.
