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Nvidia posts record revenue up 265% on booming AI business

2024-02-22 07:41:16       source:CNBC

February 21, 2024

Nvidia reported fourth fiscal quarter earnings that beat Wall Street’s forecast for earnings and sales, and said revenue during the current quarter would be better than expected, even against elevated expectations for massive growth.

Nvidia shares rose about 10% in extended trading.

Here’s what the company reported compared with what Wall Street was expecting for the quarter ending in January, based on a survey of analysts by LSEG, formerly known as Refinitiv:

Earnings per share: $5.16 adjusted vs. $4.64 expected

Revenue: $22.10 billion vs. $20.62 billion expected

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