NVIDIA Q4 2024 Adj EPS $5.16 Beats $4.64 Estimate, Sales $22.10B Beat $20.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVIDIA reported Q4 2024 adjusted EPS of $5.16, surpassing the $4.64 estimate, with sales reaching $22.10B, also beating the $20.62B estimate. This represents a 265.23% increase in sales compared to the same period last year.
February 21, 2024 | 9:21 pm
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POSITIVE IMPACT
NVIDIA's Q4 2024 earnings and sales significantly exceeded analyst expectations, with a notable 265.23% increase in sales year-over-year.
NVIDIA's substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year sales growth, is likely to positively impact investor sentiment and the stock price in the short term. The company's performance indicates strong operational efficiency and market demand for its products, which are key drivers for stock appreciation.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100