NVIDIA Q1 Adj. EPS $1.09 Beats $0.92 Estimate, Sales $7.19B Beat $6.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVIDIA reported Q1 earnings of $1.09 per share, beating the analyst consensus estimate of $0.92 by 18.48%. Quarterly sales were $7.19 billion, surpassing the estimate of $6.52 billion by 10.28%. However, this represents a decrease in earnings and sales compared to the same period last year.
May 24, 2023 | 8:23 pm
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POSITIVE IMPACT
NVIDIA's Q1 earnings and sales beat analyst estimates, but both figures decreased compared to the same period last year.
NVIDIA's better-than-expected Q1 earnings and sales are likely to have a positive short-term impact on its stock price. However, the year-over-year decrease in both earnings and sales may temper investor enthusiasm, resulting in a moderate positive impact.
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IMPORTANCE 80
RELEVANCE 100