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Nvidia's stock fell 2% in volatile after-hours trading shortly after the results and was trading down more than 1% as the analyst call concluded. The stock is up 194% so far in 2024.
Earnings season is wrapping up, but the stock market's biggest member still needs to get a say. Nvidia reports its much-anticipated third-quarter earnings after the bell today.
Nvidia shares whipsawed in early after-hours trading as investors digested the numbers, before rising more than 10% by 5 p.m. ET. Huang, who is also a cofounder of Nvidia, said that the earnings ...
Investors took the results in stride, however, and Nvidia’s high-flying stock slipped about 1% in after-hours trading. Shares in Nvidia Corp. are up 195% so far this year.
The stock slides in after-hours trading after the Q3 revenue forecast fails to top the most sky-high of analysts' expectations. Nvidia forecast third-quarter revenue of roughly $32.5 billion.
Nvidia reported adjusted earnings per share of $0.68 on revenue of $30 billion in its fiscal second quarter. Analysts were expecting EPS of $0.64 and revenue of $28.8 billion.
Still, Nvidia shares slipped nearly 4% in after-hours trading. Ryan Detrick, chief market strategist at Carson Group, said that despite growing revenue “it appears the bar was just set a tad too ...
The world’s largest publicly traded company by market cap, Nvidia reported earnings per share (EPS) of $0.81 on revenue of $35.1 billion. Analysts were anticipating EPS of $0.74 on revenue of ...