NVIDIA Q1 Sales $26.044B Beat $24.646B Estimate
Portfolio Pulse from Benzinga Newsdesk
NVIDIA (NASDAQ:NVDA) reported Q1 earnings of $6.12 per share, beating the analyst consensus estimate of $5.59 by 9.48%. The company also reported quarterly sales of $26.044 billion, surpassing the estimate of $24.646 billion by 5.67%. This marks a 262.12% increase over sales of $7.192 billion in the same period last year.
May 22, 2024 | 8:20 pm
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NVIDIA reported strong Q1 earnings and sales, significantly beating analyst estimates. The company's earnings per share were $6.12, 9.48% above the consensus estimate, and sales were $26.044 billion, 5.67% higher than expected. This represents a 262.12% year-over-year increase in sales.
NVIDIA's strong financial performance, with both earnings and sales significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial year-over-year increase in sales further underscores the company's growth momentum.
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