Nvidia Earnings: AI Giant Brought In $39 Billion During Fourth Quarter—Smashing Forecasts
In its fourth fiscal quarter ending last month, Nvidia reported $39.3 billion in revenue, $0.89 adjusted earnings per share and $22.1 billion of net income, equating to year-over-year revenue growth of 78% and profit growth of 71%.
Analysis of Nvidia’s Fourth-Quarter Earnings
As a reminder, Nvidia usually posts its release at around 20 past the hour. Just under five minutes to go! Before we launch into the details of the announcement, it’s worth taking a step back and considering just how far Nvidia has come in such a short period.
Nvidia's earnings growth rate is also slowing
Nvidia's sales growth trajectory has been impressive over the past two years, and its increases in earnings per share have been breathtaking. But the growth pace has been slowing. The consensus among analysts polled by FactSet is for earnings per share for the January quarter to come in at 85 cents,
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