© Reuters. NVIDIA earnings and revenue growth in second quarter
Investing.com – NVIDIA (NASDAQ 🙂 reported second quarter on Wednesday, which beat analysts' forecasts and sales were above expectations.
NVIDIA announced earnings per share of $ 1.04 on sales of $ 6.51 billion. Analysts polled by Investing.com expected earnings per share of $ 1.02 on sales of $ 6.32 billion.
NVIDIA stocks are up 45% year-to-date, still 8.80% from their 52-week high of $ 208.75 on July 7. They outperform the Nasdaq, which is up 12.71% year-to-date.
According to the report, NVIDIA shares lost 2.30% in after-hours trading.
NVIDIA follows gains from other major technology sectors this month
NVIDIA's report follows a bottom line Apple hit on July 27, reporting $ 1.3 EPS on revenue of $ 81.43 billion, compared to a forecast EPS of $ 1.01 on revenue of $ 73.33 Billion USD.
Alphabet C exceeded expectations on July 27 with earnings per share of $ 27.26 on sales of $ 61.88 billion, compared to its forecast for earnings per share of $ 19.33 on sales of 56 . $ 19 billion.
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