NVIDIA Q3 Adj $4.02 Beats $3.36 Estimate, Sales $18.12B Beat $16.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVIDIA (NASDAQ:NVDA) reported Q3 adjusted earnings of $4.02 per share, surpassing the $3.36 estimate by 19.64%, and a 593.1% increase from the previous year. Sales reached $18.12B, exceeding the $16.12B estimate by 12.39%, marking a 205.51% increase from the same period last year.
November 21, 2023 | 9:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
NVIDIA reported a significant beat on both earnings and sales for Q3, with EPS at $4.02 against a $3.36 estimate and sales of $18.12B against a $16.12B estimate.
The substantial beat on both the top and bottom lines for NVIDIA is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The earnings per share and sales figures significantly exceeded analysts' expectations, which typically results in bullish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100